Major Shareholder Boosts Stake in Jiangsu Express with HK$124 Million Purchase

Stock News

Jun 22

According to the latest data disclosed by the Hong Kong Stock Exchange, on June 18th, a significant shareholder increased its holding in JIANGSU EXPRESS (00177).

Jiangsu Communications Holding Co., Ltd. purchased an additional 11.938 million shares at an average price of approximately HK$10.3810 per share.

The total consideration for this transaction amounted to around HK$124 million.

Following this acquisition, the company's latest shareholding has risen to approximately 159 million shares, representing a 13% stake in JIANGSU EXPRESS.

The transaction involved other related parties, including Jiangsu Yunsun Capital Management Co., Ltd.

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