The Zhitong Finance App learned that Landsea Green Management (00106) has now risen by more than 34%. As of press release, it has risen 34.43% to HK$0.082.

According to the news, Landsea Green Management previously announced that it plans to sell up to 4.8 million shares of Landsea Homes, which is equivalent to approximately 13.17% of the company's issued and issued shares. If the transaction is completed, Landsea Homes may no longer be a subsidiary of Landsea Green Management. On March 8, the sale of 2,434,800 LSEA shares was completed, which is equivalent to about 6.76% of the total number of LSEA shares issued and issued on March 4, 2024. The public offering price was US$11.6 per LSEA share.

Additionally, Landsea Green Management announced in February that Landsea Homes, a non-wholly-owned subsidiary of the company, acquired all of the shares of Antares Acquisition, LLC, a private builder in the Dallas-Fort Worth area, from an independent third party at a basic purchase price of US$185 million. According to the announcement, the acquisition enabled the company to strategically expand its brand to the Dallas/Fort Worth area and strengthen its share in the US affordable premium housing market.