Forgame Sells HK$5.64 Million Longfor Stake, Exiting Position for Risk Control

Bulletin Express
Apr 10

Forgame Holdings Limited disclosed that on 10 April 2026 it sold 736,559 Longfor Group Holdings Limited shares in the open market at an average HK$7.66 each, generating approximately HK$5.64 million in gross proceeds (excluding transaction costs).

The divestment follows an acquisition of the same stake on 9 April 2026 via a fixed-coupon note structure. Forgame expects to record a disposal gain of about HK$0.30 million, reflecting the difference between purchase cost and sale proceeds together with coupon income.

As the relevant percentage ratios exceed 5 % but remain below 25 %, the transaction is classified as a “disclosable transaction” under Chapter 14 of the Hong Kong Listing Rules. After completion, Forgame no longer holds any Longfor shares.

Management cited heightened geopolitical risks and market volatility as the rationale for crystallising gains and reducing investment exposure. Net proceeds will be redeployed as general investment funds.

Longfor, listed in Hong Kong (stock code: 0960), focuses on property development, investment and management in mainland China. According to its 2025 results, Longfor reported RMB9.43 billion in gross profit, RMB5.24 billion in profit before tax, and RMB1.02 billion attributable to shareholders. Net current assets stood at RMB129.77 billion at year-end 2025, down from RMB154.13 billion a year earlier.

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