China Citic boosts stake in Daqin Railway to 5%

Daqin Railway Co., Ltd. (SSE:601006) announced that China Citic Financial Asset Management Co., Ltd. has increased its shareholding in the company to 5%, triggering a disclosure requirement. On April 10, 2025, Daqin Railway received notice from China Citic that it had increased its holdings by 2,012,460 shares through a single asset service trust managed by Citic Trust. Following the increase, China Citic Financial Asset Management now holds a total of 1,007,358,942 shares of Daqin Railway A-shares, accounting for 5.00% of the company's total issued share capital. The transaction price averaged CNY6.68 per share. China Citic cited optimism about Daqin Railway's development prospects and valuation as the basis for the increased stake. China Citic indicated it may further increase its stake in the listed company over the next 12 months.