Shougang Century Prepares Shareholder Diversification

Shougang Concord Century Holding Ltd. (HK:0103) has released an update.

Shougang Century Holdings Limited has announced a planned share transfer aimed at diversifying its shareholder base to foster business synergy and growth. Two shareholders, Fair Union Holdings Limited and Lyre Terrace Management Limited, will publicly solicit transferees for a combined total of approximately 4.90% of the company’s issued shares. The move follows affirmation by state-owned assets supervision and aims to enhance the company’s business development.

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