Brief: China Tianrui Group Cement Says Forced Sale Of Shares

China Tianrui Cement Co

17/04/2024 16:28

April 17 (Reuters) - China Tianrui Group Cement Co Ltd
 1252.HK :
    * ON 9 APRIL, 133.1 MILLION SHARES HELD BY CONTROLLING
SHAREHOLDER'S MARGIN SECURITIES ACCOUNTS FORCIBLY SOLD IN OPEN
MARKET
    * SHARES SOLD DUE TO UNUSUAL PRICE DROP
    * CONTROLLING SHAREHOLDER SEEKING LEGAL ADVICE AS TO WHETHER
FORCED SALE WAS IN COMPLIANCE WITH ALL APPLICABLE LAWS
    * CONTROLLING SHAREHOLDER CLARIFYING WHETHER FORCED SALE OF
UP TO
ADDITIONAL 10 MILLION SHARES HELD HAVE BEEN DULY EXECUTED

Further company coverage:  1252.HK 

 ((Reuters.Briefs@thomsonreuters.com;))