Summary by Moomoo AI
Asian Citrus Holdings Limited (Stock Code: 73) announced on November 15, 2024 that it has sold 140,000 H shares of Citic Securities Co., Ltd. (Stock Code: 6030) in the market at an average price of HKD 22.6 per share, with a total consideration of approximately 3.164 million Hong Kong dollars, excluding transaction costs. The transaction constitutes a discloseable transaction as the applicable percentage exceeds 5% but is below 25%. Asian Citrus stated that it will no longer hold Citic shares after the sale and is expected to realize a profit of approximately 0.14 million Hong Kong dollars, which is the difference between the acquisition price and the sale price of Citic shares. The proceeds will be used for the company's general working capital or other investment opportunities. The board of directors believes that this move is in line with the overall interests of the company and shareholders.
