China Tonghai Sells Shares to Boost Liquidity

China Tonghai International Financial Limited (HK:0952) has released an update.

China Tonghai International Financial Limited has sold 131,653,711 shares of GTJA at HK$1.5528 per share, totaling approximately HK$204.4 million, constituting 1.38% of GTJA’s total issued shares. The transaction is considered a discloseable event under the Listing Rules, with proceeds intended for partial repayment of the Group’s debts. Directors believe the sale, completed on October 3, 2024, will improve the Group’s liquidity and is in the best interest of the company and shareholders.

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