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. sold 65.36 million shares of Shandong Hi-Speed Holdings Group for HK$324.4 million after purchasers delayed payment. Initially, the shares were to be sold for HK$169.3 million, but due to payment delays, the sale occurred on the open market. After settling debts and returning payments, approximately HK$179 million will be used for working capital, with an estimated gain of HK$155 million from the sale, pending audit adjustments.
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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smart Fish Wealthlink Holdings Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
