Lerado Financial Group Cashes In Kingland Stake to Boost Working Capital
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Lerado Financial Group Co. Ltd. has sold its entire stake of 1,560,000 shares in Kingland Group for approximately HK$3.3 million, averaging HK$2.11 per share. This transaction, representing about 0.53% of Kingland's issued share capital, is expected to yield a gain of around HK$0.2 million. The proceeds will be used to enhance working capital, reflecting Lerado's strategy for active portfolio management and liquidity improvement. The sale is classified as a discloseable transaction under Hong Kong listing rules, not requiring shareholder approval.
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