China Oriental Group Co. Ltd. announced that its subsidiary, Jinxi Heavy Industry, has acquired 1,600,000 shares of Jiangsu Shentong Valve Co., Ltd., representing approximately 0.32% of Jiangsu Shentong’s issued share capital, through an on-market transaction on the Shenzhen Stock Exchange. The transaction is classified as a connected transaction under Hong Kong Listing Rules, as Mr. Han Li, an executive director of China Oriental, controls about 18.2% of Jiangsu Shentong’s shares. The acquisition aims to strengthen the existing commercial relationship between the two companies and may facilitate deeper cooperation and future strategic initiatives. The investment is also expected to provide financial benefits to China Oriental through potential share value appreciation and dividends.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Oriental Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251231-11972708), on December 31, 2025, and is solely responsible for the information contained therein.
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