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Beijing Geekplus Technology Co. Ltd. Class H ( (HK:2590) ) has shared an announcement.

Beijing Geekplus Technology Co., Ltd., a Hong Kong-listed technology company incorporated in the PRC and controlled through weighted voting rights, maintains a typical listed-company governance structure with a mix of executive, non-executive and independent non-executive directors. Its multi-class share structure and presence on the Stock Exchange of Hong Kong support access to global capital and a diversified investor base.

Marcasite Gem Holdings Limited has disposed of an aggregate 88,605,000 Class B shares in Beijing Geekplus via off-market block trades to independent third-party purchasers. The sale reduces Marcasite’s stake from about 13.43% to 4.78%, ending its status as a substantial shareholder, and the company expects this broadened shareholder base and higher share liquidity to come without any material adverse impact on group operations.

The disposal marks a notable shift in the ownership profile of Beijing Geekplus Technology Co., Ltd., potentially increasing free float and trading activity in its Class B shares. Management views the transaction as supportive of market liquidity and investor diversification, with no indication of strategic or operational change arising from the reduction in Marcasite’s holding.

The most recent analyst rating on (HK:2590) stock is a Buy
with a HK$35.00 price target.
To see the full list of analyst forecasts on Beijing Geekplus Technology Co. Ltd. Class H stock,
see the HK:2590 Stock Forecast page.