China Jinmao Holdings Group Limited (HK:0817) has released an update.
China Jinmao Holdings Group Limited has announced that Sinochem Hong Kong, its controlling shareholder, has boosted its stake in the company by purchasing an additional 159,340,000 ordinary shares, reflecting its conviction in the company’s future and the long-term value of its shares. Following these recent market purchases, Sinochem Hong Kong’s total ownership has reached 38.40% of China Jinmao’s issued shares, while ensuring compliance with takeover regulations to avoid a mandatory offer obligation. The company maintains a sufficient public float of shares, with no participation or financial assistance in the shareholding increase plan.
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