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An announcement from China Tianrui Group Cement Co., Ltd. ( (HK:1252) ) is now available.
China Tianrui Group Cement Co., Ltd. announced that its controlling shareholder, Yu Kuo Company Limited, has increased its shareholding by acquiring 147,049,000 shares through an off-market transaction. This acquisition raises Yu Kuo’s total shareholding to approximately 59.8% of the company’s issued share capital. The transaction reflects the controlling shareholder’s confidence in the company’s future prospects and may impact the company’s market positioning by consolidating its ownership structure.
More about China Tianrui Group Cement Co., Ltd.
China Tianrui Group Cement Co., Ltd. is a company incorporated in the Cayman Islands, operating in the cement industry. It focuses on producing and distributing cement products, with a significant market presence.
Average Trading Volume: 4,245,333
Technical Sentiment Signal: Sell
Current Market Cap: HK$832.5M
Learn more about 1252 stock on TipRanks’ Stock Analysis page.