Elliott Management Trims Stake in KAISA Group With 8.73 Million Share Sale

Deep News
7 hours ago

Hong Kong stock exchange filings reveal that on September 9, Elliott Investment Management GP LLC reduced its position in KAISA GROUP (01638), selling 8.733 million shares at a price of HK$0.036 per share. The total transaction value amounted to approximately HK$314,400.

Following this disposal, Elliott's remaining shareholding in the company stands at roughly 795 million shares, representing a 6.96% stake in the property developer.

This move comes as part of ongoing portfolio adjustments by the investment firm, which has been actively managing its exposure to the Hong Kong-listed real estate sector.

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