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HKG:9699

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Asia

SF Intra-city's Top Shareholder Boosts Stake; Shares Rise 4%

Hangzhou SF Intra-city Industrial (HKG:9699) said Friday that its controlling shareholder, Celestial Ocean Investments, increased its stakeholding by buying more equity in the company, according to a same-day filing with the bourse.The logistics and delivery company said Celestial bought 45.8 million H shares via a block trade, boosting its stake to 63.5% from 58.5%, with ownership of 582.3 million H shares.SF Intra-city believes the controlling shareholder's move reflects confidence in the company's growth prospects and long-term value potential.Shares were last up nearly 4% on the HKEX.

HKG:9699
Asia

SF Intra-city to Convert Nearly 172 Million Domestic Shares into Hong Kong Shares

Hangzhou SF Intra-city Industrial's (HKG:9699) board approved the conversion of nearly 171.8 million unlisted domestic shares held by controlling shareholder Shenzhen S.F. Taisen Holding (Group) into Hong Kong-listed shares.The shares represent roughly 18.72% of the logistics services provider's issued share capital as of Tuesday, according to a same-day Hong Kong bourse filing.The H-share full circulation's implementation is subject to relevant regulatory approvals.

HKG:9699
Asia

Hangzhou SF Intra-city Industrial Announces HK$400 Million Share Buyback

Hangzhou SF Intra-city Industrial (HKG:9699) said it plans to buy back up to HK$400 million of its H shares from the open market, according to a Monday filing with the Hong Kong bourse.The company will finance the buyback from internal resources.

HKG:9699

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