China Oriental Unit Acquires Shares in Jiangsu Shentong Valve

MT Newswires Live2025-12-24

China Oriental (HKG:0581) said a subsidiary has made a further on-market acquisition of shares in Jiangsu Shentong Valve (SHE:002438), according to a Tuesday Hong Kong bourse filing.

Shares of China Oriental were down nearly 2% in Wednesday morning trade.

The unit, Jinxi Heavy Industry, acquired 125,500 shares of Jiangsu Shentong, representing about 0.02% of its issued share capital, at an average price of 15.27 yuan per share, for a total consideration of about 1.9 million yuan.

Following the purchase, China Oriental's total holding in Jiangsu Shentong increased to 9.1 million shares, or roughly 1.8% of the company's issued share capital.

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