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Giant Biogene’s Controlling Shareholder Increases Stake to 54.66%

Story Highlights
  • Juzi Holding Co., Ltd increased its stake in Giant Biogene by purchasing 4,226,600 shares.
  • The purchase, worth HK$200.2 million, boosts Juzi Holding’s ownership to 54.66%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Giant Biogene’s Controlling Shareholder Increases Stake to 54.66%

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Giant Biogene Holding Co. Ltd. ( (HK:2367) ) just unveiled an update.

Giant Biogene Holding Co., Ltd, a company incorporated in the Cayman Islands, announced a voluntary increase in shareholding by its controlling shareholder, Juzi Holding Co., Ltd. Juzi Holding has purchased a total of 4,226,600 shares, amounting to approximately HK$200.2 million, to demonstrate confidence in the company’s future development and to promote sustainable growth. This move increases Juzi Holding’s stake to 54.66% of the total issued shares, signaling a strong commitment to the company’s long-term success and potentially impacting market perceptions positively.

The most recent analyst rating on (HK:2367) stock is a Hold with a HK$41.00 price target. To see the full list of analyst forecasts on Giant Biogene Holding Co. Ltd. stock, see the HK:2367 Stock Forecast page.

More about Giant Biogene Holding Co. Ltd.

Average Trading Volume: 12,722,365

Technical Sentiment Signal: Sell

Current Market Cap: HK$44.08B

Learn more about 2367 stock on TipRanks’ Stock Analysis page.

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