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TSUGAMI CHINA: ANNUAL REPORT 2023-2024
Controlling Shareholder Cuts Stake in Precision Tsugami
Stock liquidity is expected to improve, Tsugami China (01651) investment value may encounter a qualitative change point.
With Japan's Tsunomaki releasing a certain amount of stock, Tsunomaki China's stock liquidity with a stable fundamental and sufficient growth expectations is expected to improve, and the company's investment value will inevitably be recognized by a wider range of investors.
Tsugami China, controlled by shareholder Tsugami from Japan, sold 22.47 million shares.
Tsugami China (01651) announced that on July 2, 2024, its controlling shareholder, Japan Tsugami, agreed to sell 22.47 million shares, accounting for approximately 5.90% of the total issued share capital of the company as of the date of the announcement. Following the sale, as of the date of this announcement, the number of shares held by Japan Tsugami has decreased from 270 million shares (accounting for approximately 70.95% of the company's total issued share capital) to 248 million shares (accounting for approximately 65.04% of the company's total issued share capital). The announcement stated that the board of directors has been informed by Japan Tsugami that it is aware of the market's expectations that Japan Tsugami will release its shares.
Tsugami China (01651) was sold 22.47 million shares by its controlling shareholder Tsugami Japan.
Zhixun Finance APP News, Tsugami China (01651) released an announcement. On July 2, 2024, the company's controlling shareholder, Japan's Tsugami, agreed to sell 22.47 million shares, accounting for about 5.90% of the total issued share capital of the company as of the date of this announcement. Following the sale, as of the date of this announcement, the number of shares held by Japan's Tsugami decreased from 270 million shares (accounting for about 70.95% of the total issued share capital of the company) to 248 million shares (accounting for about 65.04% of the total issued share capital of the company). The announcement stated that the board of directors has been informed by Japan's Tsugami that it is aware of the market expectations.
Express News | Precision Tsugami (China) - Immediately After Disposal No. of Shares of Co Held by Tsugami Japan Decreased to 247.5 Mln
There May Be Reason For Hope In Precision Tsugami (China)'s (HKG:1651) Disappointing EarningsNo Data
