Between 2 August 2021 and 5 November 2021, the Company, through its wholly-owned subsidiaries, conducted a series of on-exchange transactions on the Stock Exchange to sell a total of 150,600 shares of Kuaishou-w(01024), with an average daily average price of between HK$80.2 and HK$118.4 per Kuaishou shares, for a total consideration of approximately HK$14.005 million.
According to the announcement, the sale provides the Group with an opportunity to liquidate some of its investments in Kuaishou. The disposal is made with reference to the market price at the time of the sale and allows the Group to liquidate cash resources for general working capital and other potential investment funds. The proceeds from the sale were approximately HK$100,000