China Oriental Group Acquires Additional Stake in Jiangsu Shentong
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China Oriental Group Co. Ltd.'s subsidiary, Jinxi Heavy Industry, acquired 2,950,000 shares of Jiangsu Shentong Valve Co., Ltd., representing 0.58% of its share capital. This connected transaction, under Hong Kong Listing Rules, required disclosure but not independent shareholders’ approval. The transaction was completed on the Shenzhen Stock Exchange, with relevant directors abstaining from voting.
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