Xinyu Steel Shareholders Up Stakes in 3 Listed Companies


It is reported that Xinyu Iron and Steel Group, the parent of steelmaker Xinyu Iron and Steel increased its holdings in the latter by 2.46 million shares equivalent to a 0.18% stake on December 16.

Including the current share purchase, Xinyu Iron and Steel Group pledged to continue to up its stake in Xinyu Iron and Steel by up to 2% over the next 12 months.

Gansu Yasheng Industrial a producer of beer, fruit, medicines, PVA fiber, and sodium sulfate said its controlling shareholder, Gansu Nongken Group raised its stake by 2.099 million shares or a shareholding of 0.12%.

Gansu Nongken Group announced plans to increase its stake by up to 10 million shares over the next 12 months. Fujian Sanan Group, the second-largest shareholder of Sanan Optoelectronics purchased 2.118 million shares of the latter on December 16, equivalent to a 0.00147% stake.

Fujian Sanan Group said it is confident about the future development of Sanan Optoelectronics, and plans to boost its holdings in the listed company by a maximum of 2%.

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