East China Computer's major shareholder increases stake, exceeds 1% threshold

China Electronics Technology Group Corporation (CETC) and its concerted actor, CETC Investment, increased their holdings in Shanghai East China Computer (SSE:600850), according to a new filing. The total shareholding of CETC and CETC Investment in Shanghai East China Computer rose by 1% from 41.62% to 42.00%. From April 21, 2025, to May 6, 2025, CETC acquired 605,500 shares and CETC Investment acquired 1,979,917 shares through the Shanghai Stock Exchange system. Overall, between December 20, 2024, and May 6, 2025, CETC and CETC Investment cumulatively increased their stake by 1.44% with a total transaction value of CNY 233,895,314.59. CETC plans to continue increasing its holdings in the company.