Glorious Sun Sells ICBC Shares for HK$159 Million

Glorious Sun Enterprises Limited (HK:0393) has released an update.

Glorious Sun Enterprises Limited has announced the sale of 34 million ICBC shares for HK$159.34 million, marking a significant transaction for the company. This move is expected to yield a fair value gain of approximately HK$21.52 million, which will contribute to the firm’s working capital. The sale reflects strategic financial decisions aimed at optimizing the company’s asset portfolio.

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