Xinbao Controlling Shareholder Dongling Kaiqin Plans RMB 50-80 Million Stake Increase
Xinbao Co. , Ltd. announced that its controlling shareholder, Guangdong Dongling Kaiqin Group Co. , intends to increase its shareholding in the company by an amount of no less than RMB 50 million and no more than RMB 80 million. The share increase plan has not set a price range.
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The event has a measured impact on 1 industry. The strongest current signal is neutral for Home Appliances, with intensity 20/100 and 50% confidence over a short term horizon.
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