Schroders PLC Boosts Stake in Sanhua Intelligent Controls with 702,600-Share Purchase

Deep News

08/19

Hong Kong Exchanges and Clearing Limited data reveals that on August 14, Schroders PLC increased its holdings in Zhejiang Sanhua Intelligent Controls Co., Ltd. (ASX: 02050) by 702,600 shares. The transaction was executed at a price of HKD 26.2672 per share, bringing the total investment to approximately HKD 18.4553 million.

Following this acquisition, Schroders PLC's latest shareholding in the company stands at 76.8599 million shares, representing a 16.13% stake in the company's total issued shares.

The move underscores continued institutional confidence in Zhejiang Sanhua Intelligent Controls Co., Ltd. as the company maintains its market position in the intelligent controls sector.

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