Precision Tsugami (China) Corp. Ltd. (HK:1651) has released an update.
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Precision Tsugami (China) Corporation Limited has announced that its controlling shareholder, Tsugami Japan, has sold approximately 5.90% of the company’s issued share capital. The shares were purchased by independent third parties, and this move is seen as a positive response to market expectations for improved share liquidity. The company’s board asserts that the disposal will not negatively impact the group’s operations and urges shareholders to trade cautiously.
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