Hong Kong Tycoon Increases Stake in Ten Pao Group by 1.236 Million Shares at Approximately HKD 1.73 Per Share

Deep News07-24 08:30

According to the latest filing with the Hong Kong Stock Exchange, on July 22, TEN PAO GROUP (01979) saw an increase in its major shareholding. Hong Guangyi acquired an additional 1.236 million shares of the company.

The acquisition was executed at an average price of HKD 1.7305 per share, with a total transaction value of approximately HKD 2.1389 million.

Following this transaction, the total number of shares held by Hong Guangyi now stands at approximately 691 million, representing a 67.06% stake in TEN PAO GROUP.

This move signals continued confidence in the electronics manufacturing services provider from its key investor.

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