Shougang Fushan Resources Group Limited (HK:0639) has released an update.
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Shougang Fushan Resources Group Limited has announced a proposed restructuring involving the sale of approximately 11.92% of its issued shares for HK$1.46 billion to Shougang Holding, which will increase its total shareholding to nearly 30%. This strategic move is part of a sale and purchase agreement aimed at reshaping the shareholder structure, though the deal’s completion is contingent on certain conditions being met. Investors are advised to exercise caution as the restructuring may or may not proceed.
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