China Oriental Group Acquires Minority Stake in Jiangsu Shentong
I'm PortAI, I can summarize articles.
China Oriental Group Co. Ltd. announced that its subsidiary, Jinxi Heavy Industry, has acquired 1,600,000 shares of Jiangsu Shentong Valve Co., Ltd., representing approximately 0.32% of Jiangsu Shentong’s issued share capital. This acquisition, classified as a connected transaction under Hong Kong Listing Rules, aims to strengthen the commercial relationship between the two companies and may lead to deeper cooperation. The investment is expected to provide financial benefits to China Oriental through potential share value appreciation and dividends.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments