Fenbi Limited (HK:2469) has released an update.
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Fenbi Ltd. announces a boost in shareholder confidence with Chairman Mr. Zhang Xiaolong increasing his stake in the company by purchasing an additional 660,000 shares. This acquisition, valued at around HK$1,954,000, slightly raises his ownership to approximately 32.54% of the total issued share capital, signaling his strong belief in the company’s growth potential. Despite the increase, the company maintains a sufficient public float and does not trigger any mandatory takeover obligations.
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