Genesis Scale Seeks Mandate for Very Substantial Disposal of Remaining KCT Stake

An announcement from KuangChi Science Limited ( (HK:0439) ) is now available.

Genesis Scale Holdings Limited plans to dispose of its entire remaining stake of 40,799,936 KCT shares, representing 1.89% of KCT’s issued share capital, over a 12‑month period through open‑market trades on the Shenzhen Stock Exchange or block trades, at prices expected to be no less than a preset minimum. To execute these transactions efficiently without seeking separate shareholder approval for each trade, the board will ask shareholders at a special general meeting to grant a mandate authorising directors to carry out the KCT share sales, which, when aggregated with previous disposals, may constitute a very substantial disposal under Hong Kong listing rules and therefore require formal reporting, announcement, and shareholder approval procedures.

The most recent analyst rating on (HK:0439) stock is a Hold with a HK$0.99 price target. To see the full list of analyst forecasts on KuangChi Science Limited stock, see the HK:0439 Stock Forecast page.

More about KuangChi Science Limited

Genesis Scale Holdings Limited, formerly known as KuangChi Science Limited, is a Bermuda-incorporated investment holding company listed on the Stock Exchange of Hong Kong. The group holds a minority stake in KCT, a company listed on the Shenzhen Stock Exchange, and actively manages this financial investment as part of its capital portfolio strategy.

Average Trading Volume: 388,374

Technical Sentiment Signal: Sell

Current Market Cap: HK$615.7M

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