China Hongqiao Group (HKG:1378) controlling shareholder China Hongqiao Holdings purchased an additional 6.6 million shares at an average price of HK$11.76 apiece, according to a Monday filing with the Hong Kong Stock Exchange.
After the purchase, China Hongqiao Holdings now holds 6.09 billion shares, equivalent to 64.27% of the shareholding in the group.
Shares of the aluminum producer jumped 4% in Hong Kong during Tuesday's late-morning trading.
Price (HKD): $12.30, Change: $+0.50, Percent Change: +4.24%
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