China New Cons (08275) subsidiary sells 16.3 million shares of Guo Mao (08428)

"China New Cons (08275) announced that on November 17, 2023, the seller, Langlai Enterprise (an indirectly wholly-owned subsidiary of the company), sold 16.3 million shares of Guomao (08428) at a price of HKD 0.91 per share through a bulk trade, with a total consideration of approximately HKD 14.83 million (excluding transaction costs). The sold shares account for approximately 17.47% of the total issued shares of Guomao as of the date of this announcement."