Even With A 41% Surge, Cautious Investors Are Not Rewarding Sheen Tai Holdings Group Company Limited's (HKG:1335) Performance Completely

Despite an already strong run, Sheen Tai Holdings Group Company Limited (HKG:1335) shares have been powering on, with a gain of 41% in the last thirty days. The annual gain comes to 107%

Simply Wall StJul 18 18:40 ET

Sheen Tai Holdings Group's Controlling Shareholder Agrees to Sell 25% of Company's Stake

Sheen Tai Holdings Group's (HKG:1335) controlling shareholder Sheen Tai Group Holding has agreed to sell 608,500,000 shares of the company to an independent third party, Polly Power Group for HK$152.1

MT NewswiresJun 17 07:01 ET

Sheen Tai (01335.HK): The controlling shareholder plans to transfer 25.0% of the shares of the company to Baoheng Group for HKD 152 million.

On June 17th, GeLongHui reported that Sheen Tai Holdings (01335.HK) announced that the board of directors of the company was informed by the controlling shareholder of the company, Sheen Tai Group Holdings Co., Ltd. ("the Seller"), that on June 15, 2024, it entered into an agreement with Baoheng Group Co., Ltd. ("the Buyer") regarding the transfer of the company's shares. Accordingly, the Seller conditionally agreed to sell and the Buyer conditionally agreed to acquire a total of 608.5 million shares ("Sale Shares"), which represents approximately 25.0% of the total issued share capital of the company on the date of announcement, at a total consideration of HKD 152 million. Pursuant to the sale and purchase agreement, (i) within 7 working days after the date of the sale and purchase agreement

Gelonghui FinanceJun 17 00:20 ET

Express News | Sheen Tai Holdings Group- Disposal of Shares for HK$152.1 Mln

ReutersJun 17 00:12 ET

Express News | Sheen Tai Holdings - Sheen Tai Group Holding Limited Agreed to Sell 25.0% Stake in Co

ReutersJun 17 00:12 ET

Sheen Tai (01335): The controlling shareholder is selling 609 million shares for a total price of HKD 152 million.

On June 15, 2024, Sheen Tai Holdings (01335) announced that its controlling shareholder, Sheen Tai Group Holdings Limited ('Seller'), has informed that it has entered into a sale and purchase agreement ('SPA') with Baoheng Group Limited ('Purchaser') regarding the transfer of the company's shares ('Shares'). Accordingly, the Seller conditionally agrees to sell and the Purchaser conditionally agrees to purchase a total of 609 million Shares, representing approximately 25.0% of the total issued share capital of the company as of the date of this announcement, at a total consideration of HKD 152 million.

金吾財訊Jun 17 00:12 ET