Landsea Green Properties Co., Ltd. (HK:0106) has released an update.
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Landsea Green Management Limited has completed the sale of approximately 7% of its LSEA Stock, raising about $25.8 million to repay loans, despite incurring a loss of $19.4 million. This transaction, managed by B. Riley Securities, Wedbush Securities, and Zions Direct, leaves Landsea with an 18% stake in LSEA. The move reflects the company’s strategy to optimize its financial structure.
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