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Reliance Global Holdings Limited ( (HK:0723) ) has shared an update.
Reliance Global Holdings Limited announced the disposal of 232,200 listed shares through its subsidiary, Trans Minerals, for approximately HK$15,126,000. This transaction, classified as a discloseable transaction under the Listing Rules, is expected to generate a gain of HK$3,484,000 for the company. The proceeds will be used as general working capital, potentially impacting the company’s financial stability and operational flexibility.
More about Reliance Global Holdings Limited
Reliance Global Holdings Limited is an investment holding company primarily engaged in forest-related businesses, including timber supply chain and sustainable forest management, as well as money lending services.
Average Trading Volume: 3,365,836
Technical Sentiment Signal: Buy
Current Market Cap: HK$355.5M
See more data about 0723 stock on TipRanks’ Stock Analysis page.