【100 Maohao】Wanhua Media Sells All Maoji Kwai Chung Holdings at Total Consideration of Approximately 18.8 Million Yuan

SocialAnxietyStaker · 2026-03-15T13:35:17+00:00

Wan Hwa Media sold 12 million shares of Mao Ji Kwai Chung on March 13, with a total value of approximately 18.8 million yuan, and expects to realize a fair value gain of 12.1 million yuan. This sale aims to realize investments and reallocate financial resources for the group's general operating capital.

SocialAnxietyStaker

2026-03-15 13:35:17

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Wanhua Media (00426) announced that on March 13, the group sold 12 million shares of Mak Kee Kwai Chung (01716) on the open market, at an average price of HKD 1.567 per share, for a total consideration of approximately HKD 18.8 million. After the sale, Wanhua Media no longer holds any shares of Mak Kee Kwai Chung, and it is expected that the transaction will recognize a fair value gain of about HKD 12.1 million.

Wanhua Media believes that selling its stake in Mak Kee Kwai Chung is a good opportunity to realize value and reallocate its financial resources to other business needs. The net proceeds from the sale are intended to be used as general working capital for the group.

Source: HKEX Announcement

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