UBS Boosts Stake in Zijin Mining with Major Share Purchase

Stock News20:04

According to the latest data from the Hong Kong Stock Exchange, on July 10th, UBS Group AG increased its holding in Zijin Mining (HKEX: 02899) by 14.886 million shares.

The transaction was executed at an average price of approximately HK$30.1514 per share, involving a total consideration of around HK$449 million.

Following this acquisition, the Swiss banking group's total shareholding in the company has risen to approximately 361 million shares.

This latest purchase raises UBS's ownership stake in Zijin Mining to 6.03%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment