FLOWING CLOUD Divests 22.995 Million Shares in Hebei Yichen

Stock News
Feb 06

FLOWING CLOUD (06610) announced that on February 5, 2026, the company sold a total of 22.995 million shares of Hebei Yichen on the open market. This represents approximately 10.24% of the total issued H-shares of Hebei Yichen as of the date of this announcement. The total consideration for the transaction was approximately HKD 13.97 million, excluding transaction costs. Following the completion of this sale, the company's holdings in Hebei Yichen will be reduced to 2.6 million shares. The group expects to receive proceeds of about HKD 13.97 million from the sale, excluding transaction costs, and will recognize an unaudited loss of approximately HKD 89.04 million. This loss is calculated based on the difference between the consideration received from the sale and the total cost of the relevant Hebei Yichen shares involved, which was approximately HKD 103 million.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10