New Focus Tech (01063) said it sold 29.58 million shares of BFB Health (00205) to BFB Group Limited on Monday for HK$12.7 million, and confirmed a realised loss of about HK$7.1 million, subject to final audit by the auditor.
The company said the average selling price was about HK$0.43 per BFB Health share, representing a discount of about 24.56% to the closing price on the disposal date. After the transaction, the group no longer holds any BFB Health shares. ETNet reported that the investment in listed securities is regarded as part of its diversified long-term portfolio, and the proceeds will be used for general working capital and future investments.