Planetree (0613) sells 60% interest in investment portfolio to Alice Yu Man Fung for HK$240m

The portfolio held by Green River Associates Ltd (Marshall Islands) comprises 5 unnamed HK-listed stocks. The buyer and Karen Lo Ki Yan, controlling shareholder of Planetree, "have known each other for many years". Planetree will continue to manage the portfolio. Reducing GRA to a 40% associate means that its future disposals and acquisitions of stocks will be outside the scope of the Listing Rules for Planetree.

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Green River Associates Limited (MH)
Planetree Asset Management Limited (HK) 梧桐資產管理有限公司
Planetree International Development Limited 梧桐國際發展有限公司
Planetree International Limited

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Yu, Alice Man Fung 于文鳳

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