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Stocks in focus: c zenith chem (00362) rose more than 5%, with a proposed discount of about 6.54% for the sale of up to 0.6 billion shares.
c zenith chem (00362) rose more than 5%, as of the deadline for submission, rose by 5.61%, at 0.113 Hong Kong dollars, with a turnover of 2.2172 million Hong Kong dollars.
Express News | China Zenith Chemical - to Place up to 600 Mln Placing Shares at HK$0.1 per Share
Sealand Securities: The cyclical upturn of PX and pure benzene is expected.
The pure benzene industry has limited new production capacity, and the supply-demand imbalance is expected to continue. Stimulated by demand, it is expected that the global pure benzene industry operating rate will rebound strongly from 2024 to 2026.
China Zenith Chemical's Substantial Shareholder Boosts Shareholding
C Zenith Chem (00362.HK) received a shareholding of 46.96 million shares from its major shareholder, CMOC.
On July 12th, Gelunhui announced that China Chemicals voluntarily announced an increase in its holdings in China Minmetals United Holdings Limited, the company's main shareholder, to provide information to the company's shareholders and potential investors. The board of directors was notified by China Minmetals United Holdings Limited that it has purchased a total of 46.96 million shares of the company's common stock in the open market, and as of the date of this announcement, China Minmetals United Holdings Limited now holds a total of 0.155 billion shares of the company's common stock.
Express News | China Zenith Chemical - Substantial Shareholder Acquired an Aggregate of 47 Mln Shares of Co in Open Market
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