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KuangChi Science Limited ( (HK:0439) ) has provided an update.
Genesis Scale Holdings Limited obtained shareholder approval at a special general meeting on 15 April 2026 for a mandate to dispose of up to 40,799,936 KuangChi Science (KCT) shares held by the group. The KCT Share Sales Mandate, valid for 12 months, allows disposals on the Shenzhen Stock Exchange or through block trade transactions, with each KCT share sold at not less than RMB33.56.
The resolution was passed by poll with an overwhelming majority, signalling strong shareholder support for the company’s plan to monetise part or all of its KCT stake. This disposal flexibility may enhance the company’s liquidity and capital allocation options, while potentially altering its exposure to KCT and reshaping its investment portfolio over the mandate period.
More about KuangChi Science Limited
Genesis Scale Holdings Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange under stock code 00439. The group holds an equity stake in KuangChi Science (KCT) and is active in managing this investment through disposals on the Shenzhen Stock Exchange and via block trades, reflecting a focus on portfolio optimisation and capital management around its KCT shareholding.
Average Trading Volume: 273,016
Technical Sentiment Signal: Sell
Current Market Cap: HK$467.9M
Find detailed analytics on 0439 stock on TipRanks’ Stock Analysis page.