Pavillon Holdings Disposes of Minority Stake in Lingbao Gold Group

Trading View
2025.05.19 03:25
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Pavillon Holdings disposed of 2,513,000 shares in Hong Kong-listed Lingbao Gold Group for around HK$23.5 million, according to a Friday filing with the Singapore Exchange. The shares were disposed through indirect wholly owned subsidiary, Shanghai Yiwen Information and Technology, representing around 0.20% of the company's stake. Proceeds from the disposal will be used to fund general corporate and working capital needs, along with funding of new business investment opportunities.

Pavillon Holdings disposed of 2,513,000 shares in Hong Kong-listed Lingbao Gold Group for around HK$23.5 million, according to a Friday filing with the Singapore Exchange.

The shares were disposed through indirect wholly owned subsidiary, Shanghai Yiwen Information and Technology, representing around 0.20% of the company's stake.

Proceeds from the disposal will be used to fund general corporate and working capital needs, along with funding of new business investment opportunities.

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