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China Weaving Materials Holdings Limited's (HKG:3778) 27% Share Price Surge Not Quite Adding Up
China Weaving Holdings (03778.HK) received a shareholding of 1.22 million shares from executive director Zheng Yongxiang.
According to the latest equity disclosure data from the Hong Kong Stock Exchange, on September 12, 2024, China Weaving Holdings (03778.HK), director Zheng Yongxiang, increased his shareholding by 1.22 million shares at an average price of HKD 0.33 per share, with a total investment of approximately HKD 0.4026 million. After the increase, Zheng Yongxiang's latest number of shares held is 220,777,200 shares, and his shareholding percentage has increased from 17.53% to 17.63%.
CHINA WEAVING: INTERIM REPORT 2024
China Weaving Posts Reduced H1 Losses in 2024
CHINA WEAVING: RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Haitong Securities: Continuous destocking of polyester filament factories, expecting improvement in end demand.
As the inventory of rayon continues to decrease, Haitong Securities expects downstream demand to further improve with the approach of the traditional peak season in September and October.
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