A-Living Services (3319) said major shareholder Greenland Financial's subsidiary Greenland Financial Overseas Investment, had disposed of 50 million shares of the company at an average price of HK$30.20 per share, raking in HK$1.51 billion. It is mainly due to the continuing funding needs of Greenland Financial and will not affect the strategic cooperation between Greenland, which is the holding company of Greenland Financial and A-Living Services. The transaction means Greenland Financial cut its shareholdings in the company from 11.25 percent to 7.5 percent. The share price of A-Living Services fell by 5.57 percent to HK$30.50.

Source: The Standard January 14, 2020 08:48 UTC