Core Viewpoint - Lixin Development (00488) shares rose over 12%, reaching 0.64 HKD with a trading volume of 14.7095 million HKD following the announcement of a significant investment transaction [1] Group 1: Transaction Details - Lixin International (00191) and Lixin Development (00488) announced a conditional agreement to sell and purchase limited partnership interests in New Vision Fund, L.P. for 14.6354 million USD, approximately 114 million HKD [1] - The transaction is seen as a strategic exit opportunity for Lixin Development Group, allowing them to liquidate investments and enhance cash flow and liquidity [1] Group 2: Financial Implications - The cash inflow from the sale will enable Lixin Garment Group and Lixin Development Group to reallocate financial resources for optimizing their capital structure and general corporate purposes [1] - This move is expected to improve the overall cash flow and financial condition of both Lixin Garment and Lixin Development [1]
港股异动 | 丽新发展(00488)涨超12% 附属拟出售New Vision Fund, L.P全部权益