Tongding Interconnection Information Controlling Shareholder Donates 3.5 Million Shares to University
Tongding Interconnection Information (SHE:002491) controlling shareholder Tongding Group will donate 3.5 million shares, or 0.28% of the company's total share capital, to the Shanghai Jiao Tong University Education Development Foundation.Tongding Group's stake will decline to 31.22% from 31.51% post-donation, according to a Monday filing with the Shenzhen bourse.Shares of the industrial automation equipment manufacturer rose 6% in recent trade.