Rise Triumph Limited Expands Stake in TK New Energy with 53.3 Million Share Purchase

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Hong Kong Stock Exchange filings reveal that on August 20, Rise Triumph Limited acquired an additional 53.3 million shares of TK NEW ENERGY (08326) at a price of HK$0.12 per share, totaling approximately HK$6.396 million.

Following this transaction, the company's latest shareholding stands at around 793 million shares, representing 64.60% of the total issued shares. The transaction also involved related party Jiannong Wu.

The acquisition underscores a continued strategic consolidation by the buyer in the renewable energy sector, aligning with broader market trends of increasing institutional interest in clean energy assets.

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