Apac Resources : Buys 1.4 Million More Shares in China Hongqiao
09/07/2021 | 11:59pm EDT
(MT Newswires) -- Apac Resources (HKG:1104) bought 1.4 million more shares in China Hongqiao (HKG:1378) for HK$15.4 million ($2 million), according to a late Tuesday disclosure.
The shares were acquired for HK$10.99 each in the secondary market, the commodity trader said.
Apac previously purchased 5.2 million shares in China Hongqiao for HK$56.3 million, or HK$10.84 apiece, also through open-market deals spread within a year.
Apac now owns 6.6 million shares in the aluminum products manufacturer, which represent 0.072% of China Hongqiao's issued shares, the filing said.
Shares of China Hongqiao rose nearly 2% at midday.
Price (HKD): $1.40, Change: $0.00, Percent Change: 0.00%
https://www.marketscreener.com/quote/stock/...hina-Hongqiao-36368973/