Barclays PLC Increases Stake in Shandong Molong by 6.26 Million Shares at HK$8.45 Each

Stock News
Apr 29

According to the latest data from the Hong Kong Stock Exchange, on April 24, Barclays PLC increased its holding in Shandong Molong Petroleum Machinery Company Limited (00568) by 6.2564 million shares. The transaction was priced at HK$8.4478 per share, amounting to a total consideration of approximately HK$52.8528 million. Following this acquisition, Barclays PLC's total shareholding in the company has reached 16.984 million shares, representing a 6.63% stake. Additional information indicates that BBPLC holds a long and short interest in 310,000 shares, while BCSL holds a short interest in 310,000 shares, as disclosed in box 22, relating to an intra-group hedge arrangement between BBPLC and BCSL. The interests arising from this hedge are not double-counted at the Barclays PLC level.

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