Schroders PLC Boosts Stake in Zhejiang Sanhua Intelligent Controls with HK$56.3 Million Share Purchase

Deep News

Yesterday

Hong Kong Exchange data reveals that on September 16, Schroders PLC increased its shareholding in Zhejiang Sanhua Intelligent Controls Co., Ltd. (HKEX: 02050) by 2.397 million shares.

The transaction was executed at an average price of HK$23.4963 per share, bringing the total investment to approximately HK$56.31 million. Following this acquisition, Schroders PLC now holds a total of 78.08 million shares in the company, representing a 16.39% ownership stake.

This strategic move underscores the investment firm's continued confidence in the Chinese manufacturer's growth prospects within the intelligent controls sector.

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