Core Viewpoint - Dongwu Cement (00695) experienced a significant decline in stock price, dropping over 10% in the afternoon trading session, with a current price of HKD 5.35 and a trading volume of HKD 13.73 million [1] Group 1: Shareholder Changes - The controlling shareholder Goldview, fully owned by non-executive director Jiang Xueming, sold approximately 155 million shares to Suzhou State-owned Assets Supervision and Administration Commission's wholly-owned subsidiary, Hong Kong Port and Shipping, for about RMB 286 million [1] - Goldview also sold 49.68 million shares to Fenyuan Capital for RMB 91.8 million [1] - Following these transactions, Hong Kong Port and Shipping will become the largest single shareholder of Dongwu Cement, holding 28% of the shares, while Fenyuan Capital will own 9% [1] - Goldview's stake in the company will decrease from 53.89% to 16.89%, resulting in it no longer being the controlling shareholder [1] Group 2: Business Strategy - Dongwu Cement plans to sell all shares of Dongfang Chengzheng Rare Earth for HKD 10 million [1] - The company believes that the sale is necessary due to challenges faced in the rare earth business, allowing it to concentrate financial resources on its cement operations and improve cash flow and financial flexibility [1] - This strategic move aims to streamline operations and enhance overall financial performance [1]
港股异动 | 东吴水泥(00695)午后跌超10% 控股股东出售37%持股 港航香港成单一最大股东