GEM to Offload Stake in OKE Precision Cutting Tools; OKE Down 6%

MT Newswires Live

05/26

GEM (SHE:002340) plans to dispose of up to 5.5% of OKE Precision Cutting Tools (SHA:688308), according to a Shenzhen bourse filing on Tuesday.

The stake represents 8,732,993 shares.

The waste resource comprehensive utilization company currently owns 10.4%, or 16,523,500 shares, of OKE's total share capital.

GEM's shares rose 1%, while OKE's shares dropped by less than 6% during the morning trade.

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