Xinyi Glass Sees Notable Share Purchase by Shi Danhong Totaling Approximately HK$9.44 Million

Deep News
Sep 07

XINYI GLASS (00868) has drawn market attention following a significant share acquisition disclosed by Hong Kong Exchange filings, reflecting sustained investor confidence in the company's prospects.

According to the latest data from the Hong Kong Stock Exchange, on September 3, Shi Danhong increased her stake in XINYI GLASS by 1.049 million shares at a price of HK$8.9957 per share, with the total transaction value amounting to approximately HK$9.4365 million. This move underscores a strategic accumulation of holdings in the glass manufacturing giant.

Following this acquisition, Shi Danhong's total shareholding in the company has risen to approximately 609 million shares, representing a 13.75% stake in XINYI GLASS. The updated holding position reflects a continued positive outlook from this major shareholder, as the company remains a key player in the global glass industry.

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