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Perennial International ( (HK:0725) ) just unveiled an update.
Perennial International Limited has announced the disposal of 150,000 Alibaba shares on the open market, generating approximately HK$15,720,000. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s Listing Rules. The disposal allows the company to reallocate its financial resources and improve its investment portfolio, with the proceeds intended for general working capital. The board views this as beneficial to the company’s overall interests.
More about Perennial International
Perennial International Limited is primarily engaged in the manufacturing and trading of electric cable and wire products.
Average Trading Volume: 20,400
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$119.4M
Learn more about 0725 stock on TipRanks’ Stock Analysis page.