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An announcement from Zhejiang Shibao Co. Ltd. Class H ( (HK:1057) ) is now available.
Zhejiang Shibao Co. Ltd. announced a planned reduction in shareholding by its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd., which intends to reduce its stake by up to 1% of the company’s total share capital. This reduction, driven by the shareholder’s capital requirements, will be executed through centralized bidding and block trading from July to October 2025. The company assures that this move will not alter its control structure or significantly impact its operations, while adhering to relevant securities regulations.
More about Zhejiang Shibao Co. Ltd. Class H
Zhejiang Shibao Co. Ltd. is a joint stock company incorporated in China, primarily engaged in the automotive industry. It focuses on the production and distribution of steering systems and related components for vehicles, catering to both domestic and international markets.
Average Trading Volume: 22,325,733
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$8.86B
For an in-depth examination of 1057 stock, go to TipRanks’ Overview page.