Major shareholder of Guangnan disposes of 10% stakes to cash HK$248mln

According to data of HKEx, Gongdong Holding Limited, the major shareholder of Guangnan (1203), disposed of 863mln shares of Guangnan in five batches within the period of June 21 to June 28. Based on the average price HK$0.2875, the company totally cashed HK$248mln. The holding volume of Gongdong Holding Limited decreased from 6448mln shares to 5555mln, a downward growth of 10% to 14.3%.

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