--- title: "The controlling shareholder of STEC has cumulatively increased its holdings in the company by 2%" type: "News" locale: "en" url: "https://longbridge.com/en/news/257047672.md" description: "According to the Zhitong Finance APP, STEC announced that on September 12, 2025, the company received a notice from its controlling shareholder, Urban Construction Group, regarding the implementation of the plan to increase its holdings of STEC A-shares. The Urban Construction Group has completed this increase plan, acquiring a total of 62.8818 million A-shares during the plan period, accounting for 2% of the total share capital of the listed company; the total amount of shares acquired is RMB 399 million (excluding transaction fees)" datetime: "2025-09-12T07:38:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/257047672.md) - [en](https://longbridge.com/en/news/257047672.md) - [zh-HK](https://longbridge.com/zh-HK/news/257047672.md) --- # The controlling shareholder of STEC has cumulatively increased its holdings in the company by 2% According to the announcement from Zhitong Finance APP, STEC (600820.SH) stated that on September 12, 2025, it received a notice from its controlling shareholder, Urban Construction Group, regarding the implementation of the plan to increase its holdings of STEC A-shares. The Urban Construction Group has completed this increase plan, acquiring a total of 62.8818 million A-shares during the plan period; accounting for 2% of the total share capital of the listed company. The total amount of the increased shares is RMB 399 million (excluding transaction fees) ### Related Stocks - [600820.CN](https://longbridge.com/en/quote/600820.CN.md) ## Related News & Research - [BREAKINGVIEWS-US gas tax is a fossil from another era](https://longbridge.com/en/news/286925343.md) - [ZAWYA: KIB Group, represented by KIB Invest, acts as Joint Lead Manager in landmark $700mln Sukuk issuance by First Abu Dhabi Bank](https://longbridge.com/en/news/287054139.md) - [Announcement from Eimskip: Seafarers’ Union of Iceland announces strike](https://longbridge.com/en/news/286679460.md) - [Emirates breaks ground on $5.1bln engineering facility](https://longbridge.com/en/news/286774778.md) - [ZAWYA: AtkinsRéalis appointed by Azerbaijan Development Company to enhance waterfront connectivity at Baku White City](https://longbridge.com/en/news/287033900.md)