FilingReader Intelligence

XGMA's largest shareholder boosts stake with $7m investment

February 16, 2025 at 06:10 PM UTC•By FilingReader AI

Xiamen Haikong Group, the controlling shareholder of Xiamen XGMA Machinery (SSE:600815), has announced plans to increase its stake in the company. Over the next six months, Haikong Group intends to invest between 30 million to 50 million RMB (approximately $4.2 to $7 million USD) through the Shanghai Stock Exchange. The move will be funded through a combination of special loans and the Group's own capital.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

XGMA's announcement on the controlling shareholder's plan to increase its holdings of the company's shares with special loans and own funds and the progress of the implementation of the "quality improvement, efficiency increase and return emphasis" action planFebruary 13, 2025 at 08:00 AM UTC

Xiamen XGMA Machinery

SSE:600815•Shanghai Stock Exchange

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