Zhitong Finance App News, Landsea Green Management (00106) announced that the company proposes to sell up to 4.8 million LSEA shares during the relevant period, which is equivalent to approximately 13.17% of the issued and issued shares of LSEA shares on the date of this announcement. The minimum sale price is $9.35 per LSEA share.

According to reports, Landsea Homes is mainly engaged in real estate development. As of the date of this announcement, Landsea Homes has approximately 54.18% interest in LHC.

After considering the current market conditions, the Board believes that the possible sale will provide the Group with an opportunity to realise its investment in Landsea Homes and increase the Group's overall working capital. Given the uncertainty of the future global economy, and after considering the Group's capital requirements, the company believes that the possible sale is a good opportunity to cash out its investment and allow the Group to reallocate resources.

As of the date of this announcement, Landsea Homes is owned by LHC approximately 54.18% and is a subsidiary of the company. After the possible sale is completed, Landsea Homes may no longer be a subsidiary of the company, and the financial results of the LandseaHomes Group may no longer be consolidated into the company's results.