BlackRock Expands Stake in Great Wall Motor with HK$39.8 Million Share Purchase

Stock News

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Hong Kong Exchange disclosures reveal that on September 9, BlackRock boosted its position in Great Wall Motor (02333) by acquiring 5,213,774 shares at an average price of HK$7.6347 each.

The transaction, totaling approximately HK$39.81 million, lifts BlackRock's latest shareholding to around 233 million shares, representing a 10.04% ownership stake in the company.

This latest acquisition underscores BlackRock's continued confidence in the Chinese automaker, as the investment giant further solidifies its presence among the company's top shareholders.

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