South Manganese Investor Exits With Sale of 10.83% Stake
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South Manganese Investment Limited (HK:1091) announced that substantial shareholder Mr. Cheung Ming has sold his entire stake of 534,691,800 shares, representing 10.83% of the company, at an average price of HK$0.24 per share. Following this sale, he no longer holds any shares in the company. The board indicated that this change in shareholder structure is not expected to materially impact the company's operations or financial position. The latest analyst rating for the stock is a Sell with a price target of HK$0.34.
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