Travel Expert Trims Alibaba Stake in HK$4.96 Million Share Disposal

Travel Expert (Asia) Enterprises Limited ( (HK:1235) ) just unveiled an announcement.

Travel Expert (Asia) Enterprises Limited has announced that its indirect wholly owned subsidiary Sun Pillar Travel sold 34,900 Alibaba Group shares on the open market on 29 January 2026 for about HK$4.96 million, at an average price of roughly HK$142 per share, reducing the group’s stake from 37,900 to 3,000 Alibaba shares, or from around 0.0002% to 0.00002% of Alibaba’s issued share capital. The disposal, classified as a disclosable transaction under Hong Kong listing rules because one of the relevant percentage ratios exceeds 5% but is below 25%, triggers reporting and announcement requirements but does not require shareholder approval, signalling an adjustment in the company’s treasury investment portfolio rather than a strategic shift and having limited direct impact on its core travel services business; the buyers are unidentified independent third parties as the trade was executed through the open market.

The most recent analyst rating on (HK:1235) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Travel Expert (Asia) Enterprises Limited stock, see the HK:1235 Stock Forecast page.

More about Travel Expert (Asia) Enterprises Limited

Travel Expert (Asia) Enterprises Limited, incorporated in the Cayman Islands and listed on the Main Board of the Hong Kong Stock Exchange, is principally an investment holding company whose group operations focus on providing services related to sales of travel products and package tours. Its indirect wholly owned subsidiary Sun Pillar Travel, incorporated in Hong Kong, is engaged in treasury investment activities for the group.

Average Trading Volume: 95,000

Technical Sentiment Signal: Buy

Current Market Cap: HK$86.68M

See more data about 1235 stock on TipRanks’ Stock Analysis page.