Coolpad Group Proceeds with CLSK Share Disposal
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Coolpad Group Limited (HK:2369) has announced the disposal of 114,500 CLSK shares for approximately US$1.98 million as part of a broader mandate approved by shareholders. This strategic move aims to manage its investment portfolio, with the shares sold at market prices. The company remains unaware of the buyers' identities, and this transaction represents a small fraction of CLSK's total shares. Coolpad continues to hold a significant number of shares post-disposal. The current analyst rating for Coolpad stock is a Hold with a price target of HK$1.00.
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