Summary by Moomoo AI
CHINA LONGYUAN Power Group Corporation announced that its shareholder, Ruizhong Life Insurance Co., Ltd., which holds more than 5% of the shares, has cumulatively increased its Shareholding of the company's H shares by 83.598 million shares through the secondary market of the Hong Kong Stock Connect from November 4 to December 20, 2024, accounting for 1.00% of the company's total share capital.After the increase, Ruizhong Life holds 501.589 million shares of CHINA LONGYUAN H shares, accounting for 6.00% of the company's total share capital. Ruizhong Life stated that this increase is based on recognition of the company's value and confidence in its future sustainable development. The funds for the increase come from its own funds, and the method of increase is through centralized...Show More