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Coolpad Group ( (HK:2369) ) just unveiled an announcement.
Coolpad Group Limited announced the completion of a major transaction involving the disposal of 1,205,500 CLSK shares, generating approximately US$20.95 million. This transaction, part of a broader disposal mandate, required shareholder approval and compliance with Hong Kong Stock Exchange listing rules due to its significant size. The disposal marks the company’s exit from its investment in CLSK, a US-based bitcoin mining company, and reflects Coolpad’s strategic financial management decisions.
The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.
More about Coolpad Group
Coolpad Group Limited is a company incorporated in the Cayman Islands, primarily involved in the technology sector. The company engages in various business activities, including the disposal of listed securities as part of its financial strategy.
YTD Price Performance: -48.31%
Average Trading Volume: 2,047,421
Technical Sentiment Signal: Sell
Current Market Cap: HK$475.4M
See more insights into 2369 stock on TipRanks’ Stock Analysis page.