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The latest announcement is out from Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ).
Zhejiang Shibao Company Limited announced a reduction in equity interests by its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd. The shareholder reduced its holdings by 12,360,747 A shares, representing 1.50% of the company’s total share capital, through block trading on 22 and 23 September 2025. This reduction changes the shareholding percentage from 38.11% to 36.61%, reaching a 1% integer multiple threshold. This strategic move may impact the company’s market positioning and influence stakeholder interests.
More about Zhejiang Shibao Co. Ltd. Class H
Zhejiang Shibao Co. Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the automotive industry. The company primarily focuses on the production and supply of automotive steering products.
Average Trading Volume: 20,647,859
Technical Sentiment Signal: Buy
Current Market Cap: HK$9.79B
Learn more about 1057 stock on TipRanks’ Stock Analysis page.