Asian Citrus Sells Remaining Nvidia Holding; Shares Slip 5%
MT Newswires Live
Dec 05
Asian Citrus Holdings (HKG:0073) disposed of 740 Nvidia shares on Dec. 3 for about $133,000, or roughly HK$1.04 million, according to a Thursday Hong Kong bourse filing.
Shares of the agricultural produce manufacturer were down nearly 5% in Friday morning trade.
The sale, executed through subsidiary Cheer Kind, was completed in the open market.
With this disposal, together with prior sales, the group no longer holds any Nvidia shares.
Asian Citrus expects to record an unaudited gain of about $17,000 from the latest transaction. Proceeds will be used for general working capital or future investments, the filing said.
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