Perennial International (HKG:0725) unit Glitter Wire and Cable sold 40,000 shares in Alibaba (HKG:9988) on the open market for nearly HK$4.5 million.
The shares, representing around 0.00021% of Alibaba's issued shares, were disposed of at HK$112.20 apiece, according to a Tuesday Hong Kong bourse filing.
Proceeds from this and previous disposals will be used for investment funding for more secured investments, as well as for operations.
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