TRUE PARTNER Shareholder Transfers Stock from HSBC to UBS Securities Hong Kong, Portfolio Valued at HK$14.84 Million

Stock News
Mar 20

According to the latest data from the Hong Kong Stock Exchange, on March 19, a shareholder of TRUE PARTNER (08657) transferred shares from The Hongkong and Shanghai Banking Corporation Limited to UBS Securities Hong Kong Limited. The transferred portfolio was valued at HK$14.84 million, representing 8.63% of the holdings. Previously, TRUE PARTNER issued an announcement forecasting that the comprehensive loss attributable to the company's owners for the fiscal year ending December 31, 2025, will see a significant decrease of no less than 30% compared to the approximately HK$48.5 million loss for the year ending December 31, 2024. The substantial reduction in loss is primarily due to decreased employee costs, professional fees, and administrative expenses.

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