Innovax Holdings Cashes in on Semiconductor Shares

Innovax Holdings Limited (HK:2680) has released an update.

Innovax Holdings Limited has recently sold 4 million HG Semiconductor shares in the open market, generating an approximate gross sale proceeds of HK$5.40 million, which will serve as general working capital. This transaction is considered a discloseable event under the Listing Rules, as it exceeded 5% of the company’s applicable percentage ratios. The Directors regard the sale, conducted at market price, as fair and beneficial for the company and its shareholders.

For further insights into HK:2680 stock, check out TipRanks’ Stock Analysis page.