According to Zhitong Finance App, Guangdong Investment (00270) announced that on March 28, 2024, the company was notified by Guangdong Yuehai Holding Group Co., Ltd. (Guangdong Holdings), the company's ultimate controlling shareholder, that its wholly-owned subsidiary Guangdong Holding Group Limited (Hong Kong Guangdong) had increased its shares by 14.258 million shares in the open market at an average price of about HK$3.51 per share from March 26, 2024 to March 28, 2024. Following the above increase in holdings, the shares held by Guangdong Holdings and Hong Kong Guangdong Sea increased to about 3.708 billion shares on the date of this announcement. The shareholding ratio has increased from about 56.49% of the total issued shares of the company to about 56.71%.
The increase in holdings shows that Guangdong Holdings has full confidence in the company's future development prospects and fully supports the company's long-term development. Based on confidence in the company's prospects and recognition of its long-term investment value, Guangdong Holdings will continue to increase its shares in due course.