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China Everbright ( (HK:0165) ) has provided an update.
China Everbright Limited announced the redemption of 1,263,689.97 Class I USD units from the Everbright Income Focus Fund, representing approximately 50.25% of the total Class I units. This redemption, expected to be completed in seven tranches, will result in a gain of approximately USD2,122,999.09 for the company, which will be used for general working capital and future investments. The transaction is considered a connected transaction under Hong Kong’s Listing Rules but is exempt from independent shareholder approval due to the applicable percentage ratios.
More about China Everbright
China Everbright Limited is a company incorporated in Hong Kong, operating in the financial services industry. It focuses on investment management and financial services, with a significant market presence in Asia.
YTD Price Performance: 48.12%
Average Trading Volume: 49,797,647
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$13.08B
Learn more about 0165 stock on TipRanks’ Stock Analysis page.