Kuang-Chi (00439) Subsidiary Sells 3.8937 Million Shares of Kuang-Chi Technologies by December 2
Stock News
Dec 02, 2025
Kuang-Chi (00439) announced that its wholly-owned subsidiary, Shenzhen Kuang-Chi Space Technology Co., Ltd., sold a portion of Kuang-Chi Technologies shares via the Shenzhen Stock Exchange trading system. By December 2, 2025, a total of 3.8937 million shares of Kuang-Chi Technologies were sold at an average price of RMB 47.76 per share. The pricing was determined based on the reported trading prices of Kuang-Chi Technologies shares on the Shenzhen Stock Exchange. The subsidiary expects net proceeds from the sale to amount to RMB 186 million (excluding transaction costs and expenses), which will be used for refinancing and general working capital purposes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.