Glorious Sun’s Major ICBC Share Disposal Strategy

Glorious Sun Enterprises Limited (HK:0393) has released an update.

Glorious Sun Enterprises Limited has strategically sold 8,490,000 ICBC shares on the open market, generating proceeds of approximately HK$40.3 million. This move, combined with a prior disposal, makes it a major transaction under Hong Kong’s listing rules, resulting in a fair value gain of about HK$5.9 million. The proceeds will be utilized for the company’s general working capital.

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