The controlling shareholder of XINXING PIPES plans to increase its stake in the company by 150 million to 300 million yuan
I'm LongbridgeAI, I can summarize articles.The controlling shareholder of XINXING PIPES, XINXING JIHUA Group, plans to increase its holdings in the company within the next 6 months, with an investment amount between 150 million and 300 million yuan, and the increase will not exceed 2% of the company's total share capital. This move reflects confidence in the company's future development prospects
According to the Zhitong Finance APP, XINXING PIPES (000778.SZ) announced that its controlling shareholder, XINXING JIHUA GROUP CO., LTD. ("XINXING JIHUA GROUP"), based on confidence in the future development prospects of XINXING PIPES and recognition of its medium- to long-term value, plans to increase its shareholding in XINXING PIPES A-shares within 6 months from the date of this shareholding increase announcement, through methods permitted by the Shenzhen Stock Exchange (centralized bidding or block trading), with a total increase amount not less than RMB 150 million (inclusive) and not exceeding RMB 300 million (inclusive), and not exceeding 2% of the total share capital of the listed company