Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Tianjin Construction Development Group Co., Ltd. Class H ( (HK:2515) ) is now available.
Tianjin Construction Development Group has disclosed an update on the reduction of its controlling shareholder’s stake following recent share disposals. The company emphasized that despite these transactions, the core controlling shareholder structure will remain intact and it will continue to comply with Hong Kong listing requirements.
Controlling shareholder Mr. Wang, through Shengyuan Holdings, has already sold 22,240,000 shares via block trades, cutting his holding to about 52.23% of issued shares. He now plans a further sale of 49,748,028 shares, which would leave him with around 33.02% of the company, still as a controlling shareholder, while investors are urged to exercise caution when trading the stock.
More about Tianjin Construction Development Group Co., Ltd. Class H
Tianjin Construction Development Group Co., Ltd. is a Chinese joint stock company listed in Hong Kong, operating in the construction and infrastructure development sector. Its shares trade under stock code 2515, and the company is controlled by a group of major shareholders including chairman and non-executive director Wang Wenbin.
Average Trading Volume: 937,017
Technical Sentiment Signal: Buy
Current Market Cap: HK$349.6M
For an in-depth examination of 2515 stock, go to TipRanks’ Overview page.