Shanghai Dazhong Public Utilities (01635) has recently been active, with its intraday trading once rising over 16% today. As of the time of writing, it has risen by 6.79% to 2.36 Hong Kong dollars, with a turnover of 0.289 billion Hong Kong dollars.
According to the China Finance APP, Shanghai Dazhong Public Utilities (01635) has recently been active, with its intraday trading once rising over 16% today. As of the time of writing, it has risen by 6.79% to 2.36 Hong Kong dollars, with a turnover of 0.289 billion Hong Kong dollars.
On the news front, the Shenzhen Municipal Committee Financial Office has drafted the 'Action Plan for Promoting High-Quality Development of Entrepreneurial Investment in Shenzhen (2024-2026) (Draft for Public Comments),' openly soliciting opinions from the public. The action plan proposes to strive to form a group of government investment funds worth trillions, a group of '20+8' industrial funds worth hundreds of billions, angel mother funds and seed funds worth tens of billions by 2026; fully stimulate the vitality of social capital, and strive for over 10,000 registered equity investment and venture capital funds.
Public information shows that Shanghai Dazhong Public Utilities is an investment holding company that is advancing in public utilities and financial venture capital in parallel. The venture capital business is one of the more important sectors and profit sources for Shanghai Dazhong Public Utilities, with the company holding 10.80% equity of Shenzhen Venture Capital. The latest information from the HKEX shows that on October 30, JPMorgan increased its shareholding in Shanghai Dazhong Public Utilities by 4.549 million shares, at a price of 2.6286 Hong Kong dollars per share, totaling approximately 11.9575 million Hong Kong dollars. After the increase, the latest number of shares held is 29.137 million shares, with a latest shareholding percentage of 5.46%.