Affected by capital outflows, Hong Kong stocks continued to hit new lows recently, but judging from some industries leading shares have been signs of stabilization, with Jiangxi Copper (0358) is one of them. JCC recently issued notice that on Thursday (the 13th) received notification controlling shareholder JCC JCC since May 14 holdings of 158 million shares of H shares of the Company after the Company's H shares continue to overweight . As of last Tuesday (the 11th), which has accumulated holdings of more than 4,089 million H shares, representing approximately 1.18% of the company's total share capital, while the parent holding company A shares 1,270,000,000 shares, H shares held by the company shares 101,000,000 shares, together accounting for the company's total issued share capital 39.59%.
Parent company holdings of material yet to come
Judging from last Thursday's trading, shares of JCC day mainly in the 14.74 to 15.14 yuan fluctuated between, in other words, the purchase price has been compared to Friday's closing price of 15.3 yuan to high. Story also says, the parent company is on May 23, at an average price of 15.633 yuan, BUY 1,358.1 million shares, making it at the H share capital stake from 4.47%, to 5.45% of the level required to be disclosed, resulted in overweight exposure. As JCC has stated that in the next 12 months, in order to continue trading venue or OTC holdings, total not more than 2% of the total share capital, it is expected that there will continue to act holdings, the stock price will be expected to have positive boost.
