Value Convergence Exits Hao Tian With Final Share Sale; Shares Down 3%

MT Newswires Live

Jul 17

Value Convergence (HKG:0821) has completed the disposal of its entire remaining stake in Hao Tian International Construction Investment Group (HKG:1341), selling a total of 63.24 million shares, according to a Wednesday Hong Kong bourse filing.

Shares of the financial services firm were down around 3% in Thursday afternoon trading.

The latest disposal of 41.8 million shares follows the earlier sale of 21.4 million shares for just over HK$5.2 million, as disclosed in a filing earlier this week.

The shares, representing about 0.82% of Hao Tian's issued share capital, were sold on the open market between July 16, 2024, and July 15, 2025.

Following the completion of the latest transactions, Value Convergence no longer holds any Hao Tian shares.

The group expects to record an unaudited loss of about HK$18.07 million, based on the original acquisition cost of HK$33.72 million.

Proceeds from the disposals will be used for general working capital.

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