Planetree International Sells Stake in Listed Company for HK$26.25 Million

An announcement from Planetree International Development Limited ( (HK:0613) ) is now available.

Planetree International Development Limited announced the disposal of 750,000,000 shares in a listed company, representing approximately 3.99% of the total issued share capital, for HK$26.25 million. This transaction is categorized as a discloseable transaction under the Hong Kong Listing Rules, necessitating specific reporting and announcement requirements. The disposal marks the company’s exit from its shareholding in the Listco, which is involved in securities brokerage, futures trading, and financial investments. The decision to sell the shares aligns with Planetree’s strategic focus on optimizing its investment portfolio.

More about Planetree International Development Limited

Planetree International Development Limited is an investment holding company incorporated in Bermuda. The company is primarily engaged in financial services licensed under the Securities and Futures Ordinance and the Money Lenders Ordinance in Hong Kong. It also operates in property investment and leasing, as well as tactical and strategic investment.

YTD Price Performance: -35.00%

Technical Sentiment Signal: Buy

Current Market Cap: €19.31M

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