---
title: "Weiye Holdings Sells Major Stake in Subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216911604.md"
description: "Weiye Holdings Limited (HK:1570) has released an update. Weiye Holdings Limited has announced the sale of a significant portion of its shares in a subsidiary, with a total of 71.9 million shares being sold to various buyers for approximately S$2.876 million. This transaction will result in the subsidiary no longer being part of Weiye Holdings’ financial statements. The sale was conducted at a price of S$0.04 per share and involves key shareholders, including Zhang Wei. For further insights into HK:1570 stock, check out TipRanks’ Stock Analysis page."
datetime: "2024-10-15T22:09:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216911604.md)
  - [en](https://longbridge.com/en/news/216911604.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216911604.md)
---

# Weiye Holdings Sells Major Stake in Subsidiary

Weiye Holdings Limited (**HK:1570**) has released an update.

Weiye Holdings Limited has announced the sale of a significant portion of its shares in a subsidiary, with a total of 71.9 million shares being sold to various buyers for approximately S$2.876 million. This transaction will result in the subsidiary no longer being part of Weiye Holdings’ financial statements. The sale was conducted at a price of S$0.04 per share and involves key shareholders, including Zhang Wei.

For further insights into HK:1570 stock, check out TipRanks’ Stock Analysis page.

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