Asia Fruit Holdings Limited (Asia Fruit) sold the shares of Tencent Holdings Limited (Tencent) on the open market from 7 June to 27 October 2023 and 22 March 2024 through its wholly-owned subsidiary Cheer Kind. During the initial sale period, Asia Fruit sold 7,000 shares of Netent shares at a price ranging from HK$285.00 to HK$345.00 per share for a total price of approximately HK$2,170,000. In the second sale, the company sold another 6,600 shares at a price of HK$285.80 per share for a total price of approximately HK$1,890,000. The combined average selling price of these transactions was HK$298.20 per share of NetEnt. Under the listing rules, these divestitures are subject to public disclosure because the applicable percentage of the transaction is greater than 5% but less...Show More

Asia Fruit Holdings Limited (Asia Fruit) sold the shares of Tencent Holdings Limited (Tencent) on the open market from 7 June to 27 October 2023 and 22 March 2024 through its wholly-owned subsidiary Cheer Kind. During the initial sale period, Asia Fruit sold 7,000 shares of Netent shares at a price ranging from HK$285.00 to HK$345.00 per share for a total price of approximately HK$2,170,000. In the second sale, the company sold another 6,600 shares at a price of HK$285.80 per share for a total price of approximately HK$1,890,000. The combined average selling price of these transactions was HK$298.20 per share of NetEnt. Under the listing rules, these divestitures are subject to public disclosure because the applicable percentage of the transaction is greater than 5% but less than 25%. Asia Fruit said that the company no longer holds any Tencent shares following the sale of its Tencent shares and believes the transactions will help strengthen the group's liquidity. Proceeds from the sale will be used for the Company's general working capital and/or other business opportunities. The Board considers that these transactions are fair and reasonable and in the overall interests of the Company and its shareholders.