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Lerado Financial Group Co. Ltd. ( (HK:1225) ) just unveiled an announcement.
Lerado Financial Group Company Limited has sold its entire stake of 1,560,000 shares in Kingland Group on the open market for approximately HK$3.3 million, at an average price of HK$2.11 per share, representing about 0.53% of Kingland Group’s issued share capital and resulting in an expected gain of around HK$0.2 million. The disposal, classified as a discloseable transaction under Hong Kong listing rules and not requiring shareholder approval, is intended to realise investment gains and bolster the group’s cash flow, with the net proceeds earmarked for general working capital, underscoring the company’s active portfolio management and liquidity enhancement strategy.
More about Lerado Financial Group Co. Ltd.
Lerado Financial Group Company Limited is a Hong Kong-listed investment holding company that engages in financial and investment activities, including trading and holding of listed securities as part of its treasury and capital management operations.
Average Trading Volume: 154,992
Technical Sentiment Signal: Sell
Current Market Cap: HK$44.68M
For detailed information about 1225 stock, go to TipRanks’ Stock Analysis page.