HSC RESOURCES Shareholder Transfers Holdings from Cheerful Securities to KGI Asia, Portfolio Valued at HK$14.5 Million

Stock News04-27 08:56

Hong Kong stock exchange data reveals that on April 24, a shareholder of HSC RESOURCES (01850) transferred shares from Cheerful Securities to KGI Asia. The value of the transferred portfolio was HK$14.50 million, representing 6.22% of the holdings. Separately, HSC RESOURCES issued a supplementary announcement on April 24, 2026, disclosing the usage of proceeds from a 2024 share placement for the fiscal year ending April 30, 2025. The placement was completed on May 16, 2024, where the company successfully allotted 28.8 million new shares at HK$0.67 per share to no fewer than six independent placees through a placement agent, raising net proceeds of approximately HK$18.52 million.

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