Spruce Capital Boosts Stake in Jiangsu Express with 49.86 Million H-Share Purchase

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JIANGSU EXPRESS (00177) has announced that its controlling shareholder, Jiangsu Communications Holding, has increased its investment in the company through a wholly-owned subsidiary. Spruce Capital acquired 49.856 million H-shares between January 22, 2026, and September 14, 2026, utilising the Shanghai-Hong Kong Stock Connect system on the Hong Kong Stock Exchange's central order book.

This strategic purchase represents approximately 0.99% of the company's total issued shares. Following this acquisition, Jiangsu Communications Holding and its concert parties collectively hold around 2.922 billion shares, lifting their aggregate ownership from 57.01% to 58.00% of the company. The equity interest change has now crossed the 1% threshold, triggering the relevant disclosure requirements under listing regulations.

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