Geekplus Shareholder Marcasite Cuts Stake to 4.78% After Block Sale
2026-07-27 13:23:13
Geekplus said Marcasite Gem Holdings Limited sold a total of 88,605,000 class B shares in off-market block trades on July 14, July 15 and July 20, 2026, according to a Hong Kong Stock Exchange filing released on July 27. After the sale, Marcasite's stake will fall from about 13.43% to 4.78%, and it will no longer be a substantial shareholder. Geekplus said the transaction should broaden its shareholder base and improve liquidity in its shares, and it does not expect any material adverse effect on the group's operations, according to Jiemian News.
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