PERENNIAL (00725.HK): Disposes of Alibaba Shares for Aggregate Proceeds of Approximately HK$14.63 Million

NewTimeSpace · 2026/08/25 07:32 · By Zeyu Wu

NewTimeSpace News: PERENNIAL announced on August 25 that its wholly‑owned subsidiary disposed of a total of 40,000 Alibaba shares on the open market on August 24, 2026, for total consideration of approximately HK$4.488 million. Together with prior disposals, a total of 120,000 Alibaba shares have been sold from 9 March 2026 to 24 August 2026, generating aggregate consideration of around HK$14.628 million.

NewTimeSpace News: On August 25, 2026,PERENNIAL(00725.HK) announced that its wholly‑owned subsidiary disposed of an aggregate of 40,000 Alibaba shares on the open market on August 24, 2026, at a total consideration of approximately HK$4.488 million, representing an average selling price of about HK$112.2 per share. Including previous disposals, from 9 March 2026 to 24 August 2026, 120,000 Alibaba shares in total have been sold for aggregate consideration of approximately HK$14.628 million, with an average selling price of around HK$121.9 per share.

PERENNIALstated that the proceeds will be deployed for more prudent group investments such as bank time deposits or for general working capital purposes.

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