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Brainhole Technology Limited Announces Further Disposal of XPeng Shares

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Brainhole Technology Limited Announces Further Disposal of XPeng Shares

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Brainhole Technology Limited ( (HK:2203) ) just unveiled an announcement.

Brainhole Technology Limited announced a further disposal of 51,000 XPeng shares through the open market, resulting in proceeds of approximately US$0.8 million. This transaction, when aggregated with previous disposals within a 12-month period, totals approximately US$2.4 million and constitutes a discloseable transaction under Hong Kong’s Listing Rules. The company no longer holds any XPeng shares following these transactions, potentially impacting its investment portfolio and market strategy. XPeng, a designer and manufacturer of smart electric vehicles, reported significant revenues but also net losses for the past two financial years.

More about Brainhole Technology Limited

Brainhole Technology Limited is a company incorporated in the Cayman Islands with limited liability, operating in the technology sector. The company engages in transactions involving listed securities and has recently been involved in the disposal of shares in publicly traded companies.

YTD Price Performance: -11.74%

Average Trading Volume: 952,627

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$162.4M

Learn more about 2203 stock on TipRanks’ Stock Analysis page.

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