Innovax Holdings Reports Profitable Shares Disposal

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

Innovax Holdings Limited has announced an expected gain of HK$3.80 million from the disposal of HG Semiconductor Shares, which is the difference between the sale consideration and the carrying value of the shares. This financial boost comes after the company received approximately HK$5.40 million from the sale, exceeding the carrying value of HK$1.60 million, excluding transaction costs and subject to an auditor’s review. The company’s other information remains consistent with the previous announcement made on October 6, 2024.

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