Coolpad Group Executes Strategic Disposal of CLSK Shares
Coolpad Group Limited has sold 305,000 shares of CLSK, a bitcoin mining company, for approximately US$4.95 million as part of its strategic Disposal Mandate. This transaction is part of the company's efforts to manage its investment portfolio, allowing for the sale of up to 1,625,000 CLSK shares. The current analyst rating for Coolpad Group (HK:2369) is a Hold with a price target of HK$1.50, and the stock has seen a year-to-date price performance decline of 47.48%.
An announcement from Coolpad Group ( (HK:2369) ) is now available.
Coolpad Group Limited, through its wholly-owned subsidiary Digital Tech, has executed a discloseable transaction by selling 305,000 shares of CLSK, a bitcoin mining company, on the open market. The sale, which generated approximately US$4.95 million, represents a strategic move under the company’s Disposal Mandate, allowing for the sale of up to 1,625,000 CLSK shares, and reflects the company’s ongoing efforts to manage its investment portfolio.
The most recent analyst rating on (HK:2369) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Coolpad Group stock, see the HK:2369 Stock Forecast page.
More about Coolpad Group
YTD Price Performance: -47.48%
Average Trading Volume: 2,020,999
Technical Sentiment Signal: Sell
Current Market Cap: HK$483M
