Shougang Century Shareholders Plan Stock Divestment

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

Shougang Century Holdings Limited has announced that two of its shareholders, Fair Union Holdings Limited and Lyre Terrace Management Limited, intend to transfer a combined total of up to 4.9% of the company’s issued share capital through public bidding. The transfers are pending governmental approvals and are part of a strategy to diversify the shareholder base and promote business development. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.

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