Enterprise Development Holdings Updates on Securities Disposal and Compliance Measures

Story Highlights
  • Enterprise Development Holdings disclosed additional disposals of securities in ProShares UltraPro.
  • The company seeks shareholder approval to rectify listing rule breaches at an upcoming meeting.
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Enterprise Development Holdings Updates on Securities Disposal and Compliance Measures

Enterprise Development Holdings Limited ( (HK:1808) ) has shared an announcement.

Enterprise Development Holdings Limited has announced a supplemental update regarding its recent transactions involving the disposal of securities. The company disclosed that it has made additional disposals of securities in ProShares UltraPro, which were not included in its initial announcement. These transactions have been identified as notifiable under Chapter 14 of the Listing Rules, prompting the company to seek shareholder approval for ratification at an upcoming extraordinary general meeting. This move aims to rectify breaches of listing rules and ensure compliance, potentially impacting the company’s market operations and stakeholder relations.

More about Enterprise Development Holdings Limited

YTD Price Performance: -2.69%

Average Trading Volume: 23,835

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$979.6M

See more insights into 1808 stock on TipRanks’ Stock Analysis page.

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