Summary by Moomoo AI
China C zenith chem Group Co., Ltd. (the "Company") announced on July 12, 2024 that its major shareholder, China Minmetals United Co., Ltd. ("Minmetals"), purchased a total of 46,960,000 ordinary shares of the Company through the open market. After this shareholding, the total number of ordinary shares of the Company held by Minmetals has reached 154,960,000 shares, accounting for approximately 11.47% of the total issued shares. Previously, after the special authorized placement of new shares completed on June 28, 2024, Minmetals' shareholding ratio was diluted from about 10.27% to 7.99%. The Board of Directors stated that Minmetals' shareholding increase reflects its confidence in the current and future development prospects and growth value of the Company. The Company reminds shareholders and potential investors to act prudently when buying or selling the Company's shares.
