Midea Real Estate Strengthens Control with Share Transfer

Midea Real Estate Holding Limited (HK:3990) has released an update.

Midea Real Estate Holding Limited has completed a share transfer involving 30,000,000 shares, equivalent to 2.09% of its issued share capital, from selected participants back to the controlling shareholders. This move consolidates the controlling shareholders’ hold to approximately 81.13% of the company’s share capital. The transaction was executed at a price of HK$2.88 per share, aligning with the stock’s closing price on the transfer date.

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