Capital Industrial Plans Stake Transfer

Shougang Concord Grand (Group) Limited (HK:0730) has released an update.

Capital Industrial Financial Services Group Limited has disclosed its subsidiary’s intention to transfer a 0.43% stake in Shougang Century through public bidding, pending necessary governmental approvals. The finalization of this transfer is uncertain, and if approved, will follow strict information disclosure rules set by The Stock Exchange of Hong Kong Limited.

For further insights into HK:0730 stock, check out TipRanks’ Stock Analysis page.