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SEA Holdings Ltd. ( (HK:0251) ) has issued an announcement.
SEA Holdings Ltd. announced the disposal of 170,000 Barrick Mining shares by its subsidiary, Pearl Hope, for approximately US$5,015,000. This transaction, classified as a discloseable transaction under Hong Kong’s Listing Rules, is expected to yield a gain of US$2,380,000 for the group. The proceeds will be used for general working capital and future investment opportunities. The sale marks the company’s exit from holding Barrick Mining shares, and the buyers are independent third parties.
The most recent analyst rating on (HK:0251) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on SEA Holdings Ltd. stock, see the HK:0251 Stock Forecast page.
More about SEA Holdings Ltd.
SEA Holdings Ltd. is an investment holding company with principal subsidiaries engaged in property investment, property development, hotel operation, and financial investment. The company operates primarily in Hong Kong and the United Kingdom.
Average Trading Volume: 60,076
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$740.6M
Learn more about 0251 stock on TipRanks’ Stock Analysis page.