Landsea Green Properties Co., Ltd. (HK:0106) has released an update.
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Landsea Green Management Limited has completed the sale of 378,260 shares, resulting in proceeds of approximately $3.88 million, which will be used to repay loans. Despite this cash influx, the company anticipates a loss of around $2.9 million from the transaction. This disposal reduces their holding in LSEA Stock to about 16.9%.
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