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Hailuo Cement: Controlling shareholder Hailuo Group plans to increase its stake in the company by 700 million to 1.4 billion yuan
Hailuo Cement announced that the company’s controlling shareholder, Hailuo Group, plans to increase its holdings of the company’s A-shares within 6 months from the date of the announcement using its own funds and self-raised funds. The total increase will be no less than 700 million RMB and no more than 1.4 billion RMB, through centralized bidding on the Shanghai Stock Exchange trading system.