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LFG Investment Holdings Limited’s Subsidiary Reduces Short Position with Strategic Share Acquisition

Story Highlights
  • LFG Investment Holdings Limited’s subsidiary acquired shares to reduce its short position.
  • The acquisition is a discloseable transaction under Hong Kong Stock Exchange rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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An update from LFG Investment Holdings Limited ( (HK:3938) ) is now available.

LFG Investment Holdings Limited announced that its subsidiary, Lego Vision Fund SP, executed multiple trade orders to reduce its short position by acquiring Listed Shares A on the open market. The acquisition, totaling approximately US$596,373, was made at market price and is considered a discloseable transaction under the Hong Kong Stock Exchange Listing Rules. The transaction is deemed to be in the ordinary course of business and in the interests of the company and its shareholders.

More about LFG Investment Holdings Limited

LFG Investment Holdings Limited is an investment holding company primarily engaged in providing corporate finance advisory services, securities and financing services, and asset management services. Its subsidiary, Lego Vision Fund SP, focuses on investing in equities, bonds, and other securities of companies in promising industries with strong management and business models for long-term sustainable growth.

YTD Price Performance: -5.29%

Average Trading Volume: 139,125

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$65.36M

See more data about 3938 stock on TipRanks’ Stock Analysis page.

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