Rizhao Port Jurong’s Controlling Shareholder Increases Stake
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Rizhao Port Jurong Co. Ltd. announced that its controlling shareholder, Rizhao Port Co., Ltd., has increased its stake by acquiring 44 million H shares at HK$0.798 each, totaling approximately HK$35.11 million. This raises Rizhao Port's ownership to 53.25% of the total issued share capital, indicating strong confidence in the company's future. The latest analyst rating for the stock (HK:6117) is a Buy, with a price target of HK$1.00. Rizhao Port Jurong operates in the port industry, focusing on logistics and cargo services.
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