Asia Orient Holdings (HKG:0214) and Asia Standard International Group (HKG:0129) fully exited their interests in certain overseas-listed securities through two transactions totaling about $21.4 million, according to a Thursday filing with the Hong Kong bourse.
On January 23 and 24, ASI's subsidiary, Miracle Point Ventures, sold its entire stake in Z Babylon AS Investments, a special purpose vehicle (SPV), to two independent buyers, Diligent Shine and Brian Vision.
The disposals, representing 932,613 Amer Sports shares, were structured as two 49.1% tranches. The deals were finalized on January 27.
The consideration was determined through arm's-length negotiations based on prior profit-sharing agreements, the filing added.
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