IDT International Limited (HK:0167) has released an update.
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IDT International Limited has announced that China Huaneng Foundation Construction Investment Ltd., a substantial shareholder, has sold nearly 30% of its shareholding, amounting to over 753 million shares, to six independent buyers. The transaction, which was not initially communicated to the company, alters the shareholding structure and results in both China Huaneng and Mr. Zhu ceasing to be shareholders with voting rights. This significant disposal may impact the company’s future shareholder dynamics.
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