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Central Wealth Group Holdings Limited ( (HK:0139) ) has provided an announcement.
Central Wealth Group Holdings Limited announced the disposal of 142,648 GIBO Post-consolidated Shares for approximately US$342,000, ceasing its holdings in GIBO. The decision was driven by the volatile trading prices of GIBO shares and is expected to result in a loss of approximately HK$189.1 million. The proceeds will be used for a Special Cash Dividend and general working capital. The board considers this disposal an opportunity to reallocate resources and improve the investment portfolio, viewing the terms as fair and reasonable.
More about Central Wealth Group Holdings Limited
Central Wealth Group Holdings Limited, formerly known as Central Wealth Group Holdings Limited, operates in the investment sector. The company focuses on reallocating resources and managing its investment portfolio, with a recent emphasis on divesting shares in volatile markets.
Average Trading Volume: 255,544,828
Technical Sentiment Signal: Sell
Current Market Cap: HK$327.6M
See more insights into 0139 stock on TipRanks’ Stock Analysis page.