Central Wealth Lifts CMBC Stake to 2.35% in HK$26.5 Million Deal

Central Wealth Group Holdings Limited ( (HK:0139) ) just unveiled an update.

Central Wealth Group Holdings Limited has acquired 17,421,000 shares in CMBC, a Hong Kong-listed investment holding company focused on securities, investment and financing, and asset management and advisory, for about HK$26.5 million over the period from 23 February 2025 to 23 February 2026. The purchases, made on the open market and financed from existing resources, raise Central Wealth’s stake in CMBC to 2.35 per cent of its issued share capital.

The board views CMBC’s financial performance and prospects positively and will classify the stake as financial assets at fair value through other comprehensive income in its accounts. Management believes the transaction, treated as a discloseable deal under Hong Kong listing rules, offers a quality asset that broadens the group’s investment portfolio and is expected to deliver satisfactory returns for the company and its stakeholders.

The most recent analyst rating on (HK:0139) stock is a Sell with a HK$0.16 price target. To see the full list of analyst forecasts on Central Wealth Group Holdings Limited stock, see the HK:0139 Stock Forecast page.

More about Central Wealth Group Holdings Limited

Central Wealth Group Holdings Limited, recently renamed and incorporated in Bermuda with limited liability, is principally engaged in securities dealing, financial investments and money lending. The group has also expanded into a short drama business leveraging AI technologies, reflecting a diversified strategy across financial services and digital media segments.

Average Trading Volume: 19,683,162

Technical Sentiment Signal: Sell

Current Market Cap: HK$227.3M

For a thorough assessment of 0139 stock, go to TipRanks’ Stock Analysis page.