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Golden Century International Chairman Sells 6% Stake in Firm; Shares Jump 10%

MT Newswires ·  {{timeTz}}

11:42 PM EST, 12/23/2021 (MT Newswires) -- Golden Century International Holdings Group (HKG:0091) Chairman Pan Jibiao is selling his 227 million shares, or 6.13% stake, in the company at HK$0.14 apiece through placing agent Kingkey Securities.

The disposal is expected to close on or before Dec. 29. Following deal completion, Pan's stake in the coalbed methane explorer will fall to 68.26% from 74.39%, according to a late Thursday disclosure.

The stock rose 10% in Friday's midday trade.

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