SEA Holdings Ltd. Sells Barrick Mining Shares for $5 Million
SEA Holdings Ltd. has announced the sale of 170,000 Barrick Mining shares for approximately US$5 million, resulting in a gain of US$2.38 million. The proceeds will be allocated for general working capital and future investments. This transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules and marks the company's exit from Barrick Mining shares. The current analyst rating for SEA Holdings Ltd. is a Hold with a price target of HK$1.50.
SEA Holdings Ltd. ( (HK:0251) ) has issued an announcement.
SEA Holdings Ltd. announced the disposal of 170,000 Barrick Mining shares by its subsidiary, Pearl Hope, for approximately US$5,015,000. This transaction, classified as a discloseable transaction under Hong Kong’s Listing Rules, is expected to yield a gain of US$2,380,000 for the group. The proceeds will be used for general working capital and future investment opportunities. The sale marks the company’s exit from holding Barrick Mining shares, and the buyers are independent third parties.
The most recent analyst rating on (HK:0251) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on SEA Holdings Ltd. stock, see the HK:0251 Stock Forecast page.
More about SEA Holdings Ltd.
SEA Holdings Ltd. is an investment holding company with principal subsidiaries engaged in property investment, property development, hotel operation, and financial investment. The company operates primarily in Hong Kong and the United Kingdom.
Average Trading Volume: 60,076
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$740.6M
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