BBMG (DE:9BM) has released an update.
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BBMG Corporation has announced its controlling shareholder, Beijing State-owned Capital Operation and Management Company Limited (BSCOMC), plans to increase its shareholding in the company with a proposed investment between RMB 50 million and RMB 100 million over the next 12 months. The initiative, however, faces potential risks due to fluctuating market conditions and political factors. This strategic move aims to solidify the shareholder’s influence and reflects confidence in the company’s growth prospects.
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