Beijing Balance Medical Technology's (SHA:688198) controlling shareholder, Jin Lei, plans to increase holdings in the company, according to a Tuesday disclosure on the Shanghai Stock Exchange.
Jin will add a stake of between 0.02% and 1.55% within 12 months, the filing said.
Currently, Jin directly owns 61.1% of the Chinese medical device manufacturer, according to the filing.
Shares of the company surged 20% in recent trade.
Price (RMB): ¥139.18, Change: ¥+23, Percent Change: +20.00%
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