SMC Electric: Red Dynasty Investments Limited Disposes of Shares, Long Position Falls to 5%
HK Disclosure
Yesterday
On September 8, 2026, Red Dynasty Investments Limited disposed of 1.40 billion shares of SMC Electric (02381) at an average of HKD 0.11 per share, involving about HKD 154.00 million. The disposal was made pursuant to a sale and purchase agreement dated 31 July 2026 between Shell Electric Holdings Limited and MEGA NOVA HOLDINGS LIMITED, under which Shell Electric agreed to sell 1.4 billion shares, representing 70% of the entire issued shares.
Prior to the disposal, Red Dynasty Investments Limited's long position in SMC Electric was 1.50 billion shares, representing 75% of the issued shares. Following the disposal, the holding changed to 100.00 million shares, with the long position ratio falling to 5%.
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