FilingReader Intelligence

Western Mining shareholder boosts stake after recent increase

April 18, 2025 at 05:17 AM UTCBy FilingReader AI

Western Mining [SSE:601168] announced that Western Mining Group, its controlling shareholder, and its concerted person, Qinghai Western Mining Asset Management, have completed a plan to increase their holdings in the company. Qinghai Western Mining Asset Management acquired 6,458,044 shares via centralized bidding, including an initial purchase of 1,167,944 shares, representing 0.271% of the company's total share capital and costing CNY 9,674,700, all from their own funds. This follows an earlier increase, enacted between October 28, 2024, and March 6, 2025, and completed on March 6, 2025, where Qinghai Western Mining Asset Management increased their holdings by 41,202,033 shares. The purpose of the latest share increase is to enhance market confidence, protect the interests of investors, and promote the company's stable growth. Following the share increase, Western Mining Group and Qinghai Western Mining Asset Management jointly hold 737,120,048 Western Mining shares, representing 30.93% of the company's total equity.

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

SSE:601168Shanghai Stock Exchange
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