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Tonzest Capital Divests HK$9.2 Million Stake in China New Energy, Reducing Holding to 1.72%
Tonzest Capital Holding Limited has substantially reduced its position in China New Energy Holdings Limited (HKEX: 01156), divesting nearly 30.16 million shares in a transaction valued at approximately HK$9.20 million.
Transaction Details
According to a filing with the Hong Kong Stock Exchange, the transaction occurred on July 30. The sale was executed at an average price of HK$0.305 per share.
Key figures from the disclosure include:
- Shares Sold: 30,159,476
- Price Per Share: HK$0.305
- Total Transaction Value: Approximately HK$9,198,600
AdImpact on Shareholding
Following the sale, Tonzest Capital's holding in the bioenergy technology company has been significantly diluted. The firm's remaining stake now consists of approximately 12.14 million shares.
This updated position represents a 1.72% ownership stake in China New Energy, down from its previous level. The substantial reduction by a notable shareholder is a significant development for investors monitoring the company's ownership structure.
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