---
title: "POWER RAY INVESTMENT DEVELOPMENT LTD reduced its holdings in REDCO GROUP by 135 million shares at a price of HKD 0.0624 per share"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252054054.md"
description: "According to the latest information from the Hong Kong Stock Exchange, on August 7, POWER RAY INVESTMENT DEVELOPMENT LTD reduced its holdings in REDCO GROUP by 135 million shares, at a price of HKD 0.0624 per share, totaling HKD 8.424 million. After the reduction, the latest number of shares held is 177 million, with a latest holding ratio of 4.97%. This transaction involves a related party: Wu Lianghao"
datetime: "2025-08-07T13:16:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252054054.md)
  - [en](https://longbridge.com/en/news/252054054.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252054054.md)
---

# POWER RAY INVESTMENT DEVELOPMENT LTD reduced its holdings in REDCO GROUP by 135 million shares at a price of HKD 0.0624 per share

According to the latest information from the Hong Kong Stock Exchange, on August 7th, POWER RAY INVESTMENT DEVELOPMENT LTD reduced its holdings in REDCO GROUP (01622) by 135 million shares, at a price of HKD 0.0624 per share, totaling HKD 8.424 million. After the reduction, the latest number of shares held is 177 million, with a latest holding ratio of 4.97%.

This transaction involves related party: Wu Lianghao

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