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Sino Harbour Substantial Shareholder Boosts Stake with Open-Market Share Purchase

Story Highlights
  • Sino Harbour’s substantial shareholder Ms. Chan bought 9.2 million shares at HK$0.078.
  • The share purchase underscores controlling family confidence while investors are urged caution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sino Harbour Substantial Shareholder Boosts Stake with Open-Market Share Purchase

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Sino Harbour Holdings Group Limited ( (HK:1663) ) has shared an update.

Sino Harbour Holdings Group Limited has announced that its substantial shareholder, Ms. Chan Heung Ling—who is also the wife of Chairman and CEO Wong Lam Ping and mother of executive director Wong Lui—has increased her stake in the company by purchasing 9.2 million shares on the open market at an average price of HK$0.078 per share. The move signals continued confidence and support from the controlling shareholder family, potentially reinforcing market perception of management’s commitment to the business, though the company has cautioned shareholders and investors to exercise care when dealing in its securities.

The most recent analyst rating on (HK:1663) stock is a Hold with a HK$0.07 price target. To see the full list of analyst forecasts on Sino Harbour Holdings Group Limited stock, see the HK:1663 Stock Forecast page.

More about Sino Harbour Holdings Group Limited

Sino Harbour Holdings Group Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange (Stock Code: 1663). The company is led by Chairman, Chief Executive Officer and General Manager Wong Lam Ping, and its board comprises a mix of executive, non-executive and independent non-executive directors, reflecting a typical Hong Kong-listed corporate governance structure.

Average Trading Volume: 1,423,488

Technical Sentiment Signal: Sell

Current Market Cap: HK$177.4M

For an in-depth examination of 1663 stock, go to TipRanks’ Overview page.

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