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Coolpad Group ( (HK:2369) ) has issued an update.
Coolpad Group Limited announced the disposal of 114,500 CLSK shares on the open market, generating approximately US$1.98 million. This transaction is part of a broader disposal mandate approved by shareholders, allowing the company to sell up to 1,625,000 CLSK shares. The disposals represent a strategic move to manage the company’s investment portfolio, with the shares sold at market prices. The company remains unaware of the identities of the buyers, who are independent third parties. This disposal accounts for a small fraction of CLSK’s total outstanding shares, and Coolpad continues to hold a significant number of shares post-transaction.
The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.
More about Coolpad Group
Coolpad Group Limited is a company incorporated in the Cayman Islands with limited liability, primarily involved in the technology industry. It operates through its wholly-owned subsidiary, Digital Tech, and engages in various technological ventures.
YTD Price Performance: -48.31%
Average Trading Volume: 2,019,185
Technical Sentiment Signal: Sell
Current Market Cap: HK$475.4M
For a thorough assessment of 2369 stock, go to TipRanks’ Stock Analysis page.