BBMG Shareholding Boost by Controlling Entity

BBMG (DE:9BM) has released an update.

BBMG Corporation announces that its controlling shareholder, Beijing State-owned Capital Operation and Management Company Limited, has begun to increase its shareholding, with an initial purchase of 6,682,600 shares via centralized bidding. This is part of a plan to invest between RMB 50 million to RMB 100 million in the company’s A Shares over the next 12 months. The move represents a 0.08% increase in A Share holdings and a 0.06% boost in total share capital.

For further insights into DE:9BM stock, check out TipRanks’ Stock Analysis page.