BUTONG GROUP Shareholder Deposits Stock Worth HK$844 Million in Standard Chartered Bank (Hong Kong)

Stock News
03/11

According to the latest information from the Hong Kong Stock Exchange, on March 10, a shareholder of BUTONG GROUP (06090) deposited shares into Standard Chartered Bank (Hong Kong), with a deposited market value of HK$844 million, accounting for 8.62% of the company's shares.

On March 9, BUTONG GROUP announced that, in accordance with the relevant regulations of the Shanghai Stock Exchange's Shanghai-Hong Kong Stock Connect program and the Shenzhen Stock Exchange's Shenzhen-Hong Kong Stock Connect program, the company's shares will be included in the list of underlying securities for the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs (collectively referred to as the "Hong Kong Stock Connect") starting March 9, 2026.

Following the inclusion in the Hong Kong Stock Connect, qualified mainland Chinese investors will be able to directly invest in the company's shares listed on the Hong Kong Stock Exchange through the Shanghai and Shenzhen Stock Exchanges. The Board of Directors believes that this inclusion will help broaden the company's shareholder base and increase the trading liquidity of its shares, thereby enhancing the investment value of the stock and the company's reputation in the capital markets. The company will continue to expand its business and is committed to creating maximum value for its shareholders.

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