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The latest update is out from Enterprise Development Holdings Limited ( (HK:1808) ).
Enterprise Development Holdings Limited, through its wholly-owned subsidiary EDHK, has purchased 13,000 Tesla shares at a total cost of approximately US$4.09 million. This acquisition is part of the company’s strategy to capitalize on Tesla’s recent share price performance, aiming to reduce holding costs and enhance returns for shareholders. The transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, as it exceeds 5% but is less than 25% of the applicable percentage ratios. The purchase was made using the company’s internal resources and margin financing, and the sellers are considered independent third parties.
More about Enterprise Development Holdings Limited
Enterprise Development Holdings Limited is primarily involved in investment holding, with a focus on providing integrated business software solutions and trading listed securities.
Average Trading Volume: 33,865
Technical Sentiment Signal: Hold
Current Market Cap: HK$906.1M
Find detailed analytics on 1808 stock on TipRanks’ Stock Analysis page.