M&G Plc Acquires Additional 4.837 Million Shares in Pacific Basin at Approx. HK$3.14 Per Share

Stock News06-02

According to the latest data from the Hong Kong Stock Exchange, M&G Plc purchased an additional 4.837 million shares in Pacific Basin on May 29th. The transaction was executed at a price of HK$3.1387 per share, resulting in a total consideration of approximately HK$15.18 million.

Following this acquisition, M&G Plc's total shareholding in the company has increased to around 620 million shares. This represents a stake of approximately 12% of the issued share capital.

PACIFIC BASIN (HKEX: 02343)

The company is a leading dry bulk shipping operator, providing logistics and transportation services for a wide range of commodities globally. The recent share purchase by a major institutional investor reflects ongoing interest in the shipping and logistics sector.

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