According to Zhitong Finance App, Huake Smart Investment (01140) issued an announcement. After careful consideration of recent market conditions, the directors of the company's board of directors have decided not to carry out further art acquisitions, and have formulated a two-year divestment schedule for the art investment portfolio held by the group starting September 1, 2026, with the aim of optimizing the company's financial returns. The company plans to sell an art portfolio of approximately HK$500 million on or before August 31, 2027, and an art portfolio of approximately HK$900 million on or before August 31, 2028.

However, although the company strives to strictly abide by this sales schedule, the actual transaction volume and schedule may change dynamically depending on the current art market conditions and circulation. In order to ensure the smooth completion of the divestment of the art portfolio, a designated person in charge of the Group's Capital Markets Department is responsible for initiating and monitoring the marketing of the overall sale of the art portfolio.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.