Shareholder of CIG Transfers HK$370 Million Worth of Stock from Morgan Stanley to Citibank

Stock News05-07

According to the latest data from the Hong Kong Stock Exchange, on May 6, a shareholder of CIG transferred shares from Morgan Stanley Hong Kong Securities to Citibank. The transferred shares had a market value of HK$370 million, accounting for 3.49% of the company's total shares. CIG previously disclosed its first-quarter performance, reporting revenue of RMB 1.287 billion, a year-on-year increase of 43.98%. Net profit attributable to shareholders of the listed company was RMB 118 million, surging 276.44% compared to the same period last year. The primary driver of this strong growth was a significant expansion in the scale of its high-speed optical module business, coupled with robust global demand for 800G and 1.6T high-speed optical modules from data centers.

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