Summary by Moomoo AI
Asian Citrus Holdings Limited announced on October 9, 2024, that it has acquired 140,000 H shares of Citic Securities Limited in the market, with a total transaction value of approximately HKD 3,026,000, and an average acquisition price of HKD 21.61 per share. This acquisition, as the percentage exceeds 5% but is below 25%, constitutes a disclosure transaction under Listing Rule 14.06(2). Asian Citrus stated that the acquisition of Citic shares is based on a positive evaluation of Citic's financial performance and future prospects, believing that it will help enhance the group's investment returns. The board of directors believes that the acquisition terms conducted at the market price are fair and reasonable, aligning with the interests of the company and shareholders. After the acquisition, Asian Citrus holds 140,000 H shares of Citic. Citic Securities' key businesses include investment banking, wealth management, asset management, and financial market services, with its H shares listed on the Hong Kong Stock Exchange.