Glorious Sun Enterprises (HKG:0393) and its subsidiaries disposed about 8.5 million shares of Industrial and Commercial Bank of China (HKG:1398, SHA:601398) on the open market for about HK$40.3 million at an average selling price of HK$4.7475 per share.
After the disposal, the group will still have around 128.0 million of Industrial and Commercial Bank of China's shares, a Sunday Hong Kong bourse filing said.
The proceeds from the disposal are planned to be used for the group's general working capital.
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