Landsea Green Management (HKG:0106) may sell up to 6,135,151 shares in Nasdaq-listed Landsea Homes Corporation, representing about 16.9% of the company's share capital, according to a Wednesday filing with the Hong Kong bourse.
The shares will be sold at market price but no lower than the minimum selling price of $5 per share, potentially raising around $31 million. The company anticipates a potential loss of approximately $82 million, based on the carrying value of the shares as of Dec. 31, 2024.
The sale must occur within 12 months following shareholder approval at a special general meeting.
Proceeds will be used for loan repayments and general working capital. A shareholder circular will be issued by April 30.
Upon completion of the disposal, Landsea Green indirect subsidiary Landsea Holdings will no longer hold any shares in Landsea Homes.
Landsea Green shares surged 40% in morning trade Thursday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。