Xinjiang Communications Construction shareholder reduces stake, remains above 5%

Xinjiang Financial Investment Group (Xinjiang Gold Investment) has reduced its shareholding in Xinjiang Communications Construction Group (SZSE:002941) to 10.00% of the total share capital, triggering a mandatory disclosure as the stake reached an integer multiple of 5%. Between March 11, 2025, and June 6, 2025, Xinjiang Gold Investment decreased its holdings by 1,371,900 shares through centralized competitive bidding, according to its filings. This brings Xinjiang Gold Investment’s holdings down from 65,930,000 shares, or 10.21% of the total share capital, to 64,558,100 shares. The average disposal price was CNY 11.87 per share.