Dongfang Electric ( (HK:1072) ) just unveiled an announcement.
Dongfang Electric Corporation Limited announced that its controlling shareholder, DEC Group, plans to increase its shareholding in the company’s A shares through centralized price bidding transactions on the Shanghai Stock Exchange. This move, which involves an investment of RMB100 million to RMB150 million, reflects DEC Group’s confidence in the company’s future growth and stability, potentially strengthening its market position and reassuring stakeholders of its commitment to sustainable development.
More about Dongfang Electric
Dongfang Electric Corporation Limited operates in the energy equipment manufacturing industry, primarily focusing on the production of power generation equipment and providing related services. The company is a significant player in the market, with a strong presence in the Chinese energy sector.
Technical Sentiment Signal: Buy
Current Market Cap: $5.93B
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