Hang Pin Living Technology to Dispose of Stakes in Three Chinese Firms

MT Newswires Live

01/05

Hang Pin Living Technology (HKG:1682) said it planned to dispose of its holdings in CNOOC (HKG:0883, SHA:600938), Petrochina (HKG:0857, SHA:601857), and China Construction Bank (HKG:0939, SHA:601939) for a potential gain, according to a Hong Kong bourse filing Friday.

Shares of the firm fell nearly 3% in morning trade Monday.

The firm owned 335,000 CNOOC shares, 908,000 Petrochina shares, and 711,000 CCB shares.

Hang Pin Living Technology said it had received approval from its controlling shareholder, Brilliant Sunshine, for the potential disposal.

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