Key Takeaways:
- Brainhole Tech sold 3,600 shares of US-listed Nebius on April 16.
- The disposal generated USD 600,000, yielding an expected gain of HKD 1.6 million.
- Following the sale, the company retains a position of 11,000 shares in Nebius.
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Brainhole Tech Sells 3,600 Nebius Shares for a HKD 1.6M Gain
Brainhole Tech (02203.HK) disposed of 3,600 shares of Nebius (NBIS.US) on the open market for USD 600,000 on April 16, locking in a notable investment gain.
The transaction details were confirmed in a company announcement, which stated the total consideration was approximately HKD 4.5 million.
From the sale, the company expects to recognize a gain of HKD 1.6 million. After the disposal is completed, Brainhole Tech will continue to hold 11,000 shares of the US-based technology firm Nebius.
The market reacted positively to the news, with Brainhole Tech’s shares rising 6.135 percent. This sale allows the company to realize a profit from its investment portfolio, which can positively affect its upcoming quarterly earnings and bolster investor confidence in its capital management.
This article is for informational purposes only and does not constitute investment advice.
