Recent data from the Hong Kong Stock Exchange reveals that on February 11, a shareholder of DONGWU CEMENT (00695) transferred shares from SPDB International Securities to Maybank Securities (Hong Kong). The value of the transferred shares was HK$378 million, representing 6.92% of the company's issued share capital.

In August of last year, DONGWU CEMENT announced that its controlling shareholder, Goldview, had sold a portion of its shares to Ganghang Hong Kong and FenYuan Capital. Both parties involved in that transaction have strong state-owned enterprise backgrounds. According to available information, Ganghang Hong Kong is a wholly-owned Hong Kong subsidiary of Ganghang Group, whose ultimate beneficial owner is the State-owned Assets Supervision and Administration Commission of Suzhou City. FenYuan Capital is a wholly-owned subsidiary of Fenhu Investment Group, which serves as a core platform under the administrative committee of the Fenhu High-Tech Industrial Development Zone and is also part of the Suzhou state-owned assets system.