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An announcement from CASH Financial Services Group ( (HK:0510) ) is now available.
CASH Financial Services Group and its parent company, CASH Group, announced the disposal of 2,006,400 shares of Horizon Robotics through the open market, generating approximately HK$15.5 million. This transaction, deemed a discloseable transaction under Hong Kong’s Listing Rules, is expected to yield a book gain of around HK$8.0 million for both companies. The disposal is seen as a strategic move to capitalize on positive market sentiment, improve liquidity, and potentially fund future investments or general working capital. The decision is considered beneficial for the shareholders of both companies.
More about CASH Financial Services Group
CASH Financial Services Group (CFSG) is primarily involved in investment holding, offering a range of financial services including online and traditional brokerage of securities, futures, options, insurance, mutual funds, and mandatory provident fund products. They also engage in proprietary trading, margin financing, money lending, and investment management services. CASH Group, the parent company, operates retail management businesses in Hong Kong, selling furniture, household items, electrical appliances, and pet accessories under various brand names.
Average Trading Volume: 626,538
Technical Sentiment Signal: Buy
Current Market Cap: HK$172.5M
Find detailed analytics on 0510 stock on TipRanks’ Stock Analysis page.