Major Shareholder FIN STREET SEC Sells 3 Million Shares in Modern Avenue Group, Raising Over 10 Million Yuan

Deep News
06/14

Reports indicate that the shareholder FIN STREET SEC of Modern Avenue Group Co.,Ltd. (ASX: 002656) divested 3.051 million shares via a competitive bidding transaction between June 1, 2026, and June 11, 2026. This divestment represents 0.43% of the company's total share capital and 4.54% of FIN STREET SEC's total shareholding, generating proceeds of approximately 10.286 million yuan. The source of these shares was obtained through judicial proceedings.

Following this transaction, FIN STREET SEC's shareholding stands at 64.0812 million shares, equating to 8.99% of the total issued shares. Data reveals that FIN STREET SEC initially held 67.1322 million shares, constituting 9.42% of the total. This transaction marks the shareholder's first recorded sale of its stake in the company.

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