Summi (Group) Holdings Subsidiary Offloads 569 Million Haotian International Construction Shares

Market Watcher

Jul 16

Summi (Group) Holdings Limited (00474) disclosed that on July 15, 2025, its indirect wholly-owned subsidiary Haotian Industrial Management (China) Co., Ltd. divested approximately 569 million shares of Haotian International Construction and Investment Group through open market transactions on the Hong Kong Stock Exchange. The aggregate consideration totaled HK$132 million, excluding stamp duties and associated transaction costs. Shares were disposed at an average price of HK$0.232 per unit, reflecting prevailing market valuations during the sale period. This strategic divestment aligns with the group's ongoing portfolio optimization initiatives in the current market cycle.

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