FilingReader Intelligence

Brainhole Tech acquires solar shares, disposes of fintech stake

November 18, 2025 at 05:03 PM UTCBy FilingReader AI

On November 18, 2025, Brainhole Technology Limited announced the acquisition of 34,300 Canadian Solar shares for approximately US$1.0 million (HK$8.0 million), excluding transaction costs. This transaction expands the Group's investment in the solar technology sector.

Concurrently, Brainhole Technology further disposed of 11,300 Robinhood shares for approximately US$1.3 million (HK$10.5 million), excluding transaction costs. This disposal results in an expected gain of approximately US$0.2 million (HK$1.6 million) and means the Company no longer holds any Robinhood shares. The proceeds from this disposal are financing the Canadian Solar acquisition, with the remaining US$0.3 million (HK$2.5 million) allocated for general working capital or other investment opportunities.

The board views both transactions as fair and reasonable, aligning with the company's strategy to diversify investments in innovative technologies and enhance shareholder value.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:2203Hong Kong Exchange

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