Hopson Development Holdings Limited (HKG:0754) announced that during the period from 2 March 2012 to 10 April 2012, the Group had disposed of an aggregate of 40.93 million BBMG A shares for a total consideration of RMB374.35 million (HK$462 million) at an average selling price of approximately RMB9.15 per share.

The Company said that it disposed of the sale shares for the purpose of realisation of capital gain efficiently. It is expected that the net proceeds of the disposals available to the Group will be utilised as its additional working capital.