IB Settlement Deposits Shares Worth HK$276 Million as Shareholders Move 1.003 Billion Stocks to Yellow River Securities

Stock News
Sep 16

IB SETTLEMENT (00147) has triggered a position alert at the Hong Kong Stock Exchange, with a total deposited market value of HK$276 million, representing a 6.75% stake, according to the latest filings.

The company's shareholders have deposited 1.003 billion shares into Yellow River Securities, increasing their shareholding by 4.34%.

IB SETTLEMENT previously disclosed that it is currently in preliminary discussions with independent third parties regarding potential investment opportunities in the technology sector. These discussions remain ongoing at this stage.

The terms and conditions of the potential investment have not yet been finalized, and the group has not entered into any formal agreement regarding the potential investment. There is no guarantee that the potential investment will materialize or be ultimately completed. As such, the potential investment may or may not proceed.

Should the potential investment materialize, it may constitute a notifiable transaction for the company under Chapter 14 of the Listing Rules. The company will make further announcements in due course in accordance with the Listing Rules.

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