Wharf offloads stake in Amazon and Facebook

Business | 25 May 2020 9:45 pm

Wharf Holdings (0004) said it has disposed 223,452 Amazon shares for US$441 million (HK$3.45 billion) since last August, at an average selling price of US$1,975, and has offloaded 2.57 million Facebook shares for US$503 million at an average selling price of US$195.

Wharf an investment surplus of around US$199 million from Amazon shares disposal and an investment surplus of about US$50 million from the Facebook shares disposal.

The surplus was transferred to revenue reserves upon disposal and did not have any profit and loss impact to the group.

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