It is reported that Xinyu Iron and Steel Group, the parent of steelmaker Xinyu Iron and Steel increased its holdings in the latter by 2.46 million shares equivalent to a 0.18% stake on December 16.

Including the current share purchase, Xinyu Iron and Steel Group pledged to continue to up its stake in Xinyu Iron and Steel by up to 2% over the next 12 months.

Gansu Yasheng Industrial a producer of beer, fruit, medicines, PVA fiber, and sodium sulfate said its controlling shareholder, Gansu Nongken Group raised its stake by 2.099 million shares or a shareholding of 0.12%.

Gansu Nongken Group announced plans to increase its stake by up to 10 million shares over the next 12 months. Fujian Sanan Group, the second-largest shareholder of Sanan Optoelectronics purchased 2.118 million shares of the latter on December 16, equivalent to a 0.00147% stake.

Fujian Sanan Group said it is confident about the future development of Sanan Optoelectronics, and plans to boost its holdings in the listed company by a maximum of 2%.

(Sourced from Securities Times)