Innovax Holdings Limited has announced the disposal of 18,000,000 Hope Life Shares, conducted by its indirect wholly-owned subsidiary, Innovax Management Limited, on the open market. The transaction took place between May 8 and May 16, 2025, resulting in an aggregate consideration of approximately HK$7.85 million, excluding transaction costs. The average price per Hope Life Share was around HK$0.44. The proceeds from this disposal will be utilized as general working capital for the Group. Innovax Holdings Limited, incorporated in the Cayman Islands, is engaged in various financial services, including corporate financial advisory and asset management.
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