China Hongqiao Holdings, the parent firm of China Hongqiao Group (HKG:1378), has acquired an additional 21 million shares of the company in the open market on Monday at an average price of HK$26.46 per share, according to a same-day filing to the Hong Kong Exchange.
With this, China Hongqiao Holdings' controlling stake in the aluminum producer has increased by 0.21% to around 6.12 billion shares, representing around 62.3% of the company's total issued shares.
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