Xuan Wu Cloud's Controlling Shareholders Complete Sale of 20% Stake

MT Newswires Live

02/09

Xuan Wu Cloud Technology (HKG:2392) said its controlling shareholders completed the sale of a 20% stake in the company to The Grand Dynasty of Investment for HK$65.2 million, according to a Friday Hong Kong bourse filing.

Shares of the tech company were up over 2% in Monday morning trade.

The sale makes Grand Dynasty of Investment the single largest shareholder of the firm, Xuan Wu Cloud said.

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