Avenir Capital reduced its holdings of about HK $41.96 million in New Fire Technology in the past month
According to the report, according to the data of the Hong Kong Stock Exchange, Avenir Capital Inc. disclosed that it continued to reduce its shareholding in Xinhuo Technology Holdings Co., Ltd. (01611. HK) on February 16, and its shareholding ratio decreased from 22.06% on January 11 to 17.23%; The number of shares held decreased by about 14.92 million shares to about 53.22 million shares; Based on the average share price of HK $2.812 during this period, the investment involved is about HK $41.96 million.
Interpretation of this information:
Avenir Capital Inc. has been reducing its shareholding in Xinhuo Technology Holdings Co., Ltd. according to a report citing data from the Hong Kong Stock Exchange. Specifically, the shareholding ratio of Avenir Capital Inc. decreased from 22.06% on January 11 to 17.23% on February 16, and the number of shares held were reduced by approximately 14.92 million shares to about 53.22 million shares. The corresponding investment involved in the transaction was about HK $41.96 million, based on the average share price of HK $2.812 during this period.
This move by Avenir Capital Inc. to reduce its shareholding in Xinhuo Technology Holdings Co., Ltd. may suggest that they have little confidence in the company’s future prospects or are looking to take some profits off the table. Given the size of the reduction and its value, it is possible that this decision has been made after careful consideration and analysis of the company’s performance and/or the broader economic environment.
Xinhuo Technology Holdings Co., Ltd. is a technology company based in China that specializes in the development and sale of mobile devices, such as smartphones and tablets. Its products are sold mainly in China and Southeast Asia, but the company has ambitions to expand its distribution network globally.
In conclusion, the recent reduction of Avenir Capital Inc.’s shareholding in Xinhuo Technology Holdings Co., Ltd. suggests that they may have doubts about the company’s ability to deliver future value or that they are looking to realize some capital gains. Three keywords that summarize this message are Avenir Capital, Xinhuo Technology Holdings, and shareholding ratio.
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