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Brainhole Technology Limited Announces Major Disposal of Robinhood Shares

Story Highlights
  • Brainhole Technology Limited disposed of 12,700 Robinhood Shares for US$1.9 million.
  • The transaction is classified as major under Hong Kong Listing Rules, with shareholder approval secured.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brainhole Technology Limited Announces Major Disposal of Robinhood Shares

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Brainhole Technology Limited ( (HK:2203) ) has provided an announcement.

Brainhole Technology Limited has announced a major transaction involving the further disposal of 12,700 Robinhood Shares, generating approximately US$1.9 million. This transaction, when aggregated with previous disposals, constitutes a major transaction under the Hong Kong Listing Rules, requiring shareholder approval, which has been obtained from Yoho Bravo Limited, holding a significant majority of the company’s shares. No extraordinary general meeting will be convened as a result.

The most recent analyst rating on (HK:2203) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Brainhole Technology Limited stock, see the HK:2203 Stock Forecast page.

More about Brainhole Technology Limited

Brainhole Technology Limited is a company incorporated in the Cayman Islands with limited liability. It operates in the technology sector and is listed on the Hong Kong Stock Exchange under stock code 2203.

Average Trading Volume: 4,277,936

Technical Sentiment Signal: Buy

Current Market Cap: HK$177.6M

See more insights into 2203 stock on TipRanks’ Stock Analysis page.

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