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Caravel Raises Shareholding in PACIFIC BASIN to 16%, Becoming Single Largest Shareholder
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The Caravel Group has made a series of on-market purchases of shares in PACIFIC BASIN (02343.HK) in recent weeks, according to the Caravel Group's announcement. As of close of business on Monday (23rd), Caravel's shareholding in the Company was nearly 818 million shares or 16% of equity, becoming the single largest shareholder. Whilst the Caravel Group may continue to make further purchases of shares in PACIFIC BASIN, it has no intention to make a takeovers and mergers offer, or to increase its shareholding to the extent that it would trigger the obligations to make a mandatory general offer. AASTOCKS Financial News Website: www.aastocks.com |
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