On October 6, 2026, Midea Development Holding (BVI) Limited acquired 24.18 million shares of MIDEA REAL EST (03990) in an off-exchange transaction at an average of HKD 2.37 per share, involving approximately HKD 57.31 million. The transaction was settled in cash and was not matched on the SEHK open market, making it an off-exchange dealing rather than a direct secondary-market purchase.
Prior to the acquisition, Midea Development Holding (BVI) Limited's long position in MIDEA REAL EST stood at 1.13 billion shares, representing 78.52% of the issued shares. Following the transaction, the holding increased to 1.15 billion shares, lifting the long position ratio to 80.2%.
Source: Hong Kong Exchanges and Clearing Limited.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments