Oshidori International Holdings Limited ( (HK:0622) ) has issued an update.
Oshidori International Holdings Limited announced the disposal of 18,479,000 ZhongAn shares for HK$254.6 million. The company strategically chose to disclose the disposals after completion to avoid market speculation, as a connection exists between Oshidori’s former controlling shareholder and ZhongAn. However, the Stock Exchange disagreed with the company’s approach, indicating that separate announcements should have been made as the transactions exceeded the 5% threshold for reporting requirements.
More about Oshidori International Holdings Limited
Oshidori International Holdings Limited operates in the financial sector, focusing on investment and asset management. The company is engaged in various financial services and investment activities, with a market focus that includes managing a diverse portfolio of investments.
YTD Price Performance: 179.41%
Average Trading Volume: 2,835,554
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.94B
Learn more about 0622 stock on TipRanks’ Stock Analysis page.