Smart Fish Wealthlink Sells 65.36 Million SDHG Shares on Open Market for HK$324.4 Million After Purchasers Delay Payment
Reuters
Sep 26
Smart Fish Wealthlink Sells 65.36 Million SDHG Shares on Open Market for HK$324.4 Million After Purchasers Delay Payment
Smart Fish Wealthlink Holdings Ltd. has provided an update on the disposal of its shares in Shandong Hi-Speed Holdings Group Limited. The company previously agreed to sell a total of 65,356,000 shares to three independent third parties for HK$169.3 million. However, due to delays by the purchasers in settling the outstanding considerations, the shares were instead sold on the open market between 22 September and 24 September 2025, generating total proceeds of approximately HK$324.4 million. After repaying amounts owed to GFL and returning sums paid by the original purchasers, the remaining net proceeds of about HK$179 million will be used for general working capital. The gain on the disposal is estimated at around HK$155 million, subject to audit adjustments. The announcement was made by Smart Fish Wealthlink Holdings Ltd.
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