Summary by Futu AI
In August 14th-25th 2023, Asian Citrus Holdings Limited sold a total of 600 NVIDIA shares through its wholly-owned subsidiary Cheer Kind, with a total transaction amount of approximately 265,000 US dollars. On July 3, 2024, it sold another 6,000 NVIDIA shares for a total of approximately 734,000 US dollars. On the same day, the group also acquired 1,570 shares of MSFT stock through Cheer Kind, with a total consideration of approximately 720,000 US dollars. These transactions are required to be disclosed under Listing Rule 14.06(2) as the applicable percentage ratio exceeds 5% but is below 25%. Asian Citrus stated that the sale of NVIDIA shares was to realize investment income, while the acquisition of MSFT shares was based on a positive view of its financial performance and future prospects, aimed at increasing the group's return on investment. After the transactions were completed, the group held 800 NVIDIA shares and 3,770 MSFT shares.