HK Stock Market Move | CHINA ORIENTAL(00581) rose nearly 6% in the morning, recently injecting around 52 million yuan to increase capital in Jiangsu Shentong Valve.
China Eastern Group (00581) rose nearly 6% in the morning session. As of the time of writing, it was up 5.97% to 1.42 Hong Kong dollars, with a trading volume of 7.1523 million Hong Kong dollars.
China Oriental (00581) rose nearly 6% in the morning, rising 5.97% to HK$1.42 by the time of writing, with a trading volume of HK$7.1523 million.
On the news front, China Oriental announced that on December 2, 2025, its subsidiary, Jinxi Heavy Industry, conducted on-exchange transactions on the Shenzhen Stock Exchange, acquiring 3.7535 million shares of Jiangsu Shentong Valve at an average price of approximately RMB 13.85 per share (equivalent to approximately HK$15.24 per share). The total consideration for the acquisition is approximately RMB 52 million (equivalent to approximately HK$57.20 million). The total consideration for the acquisition will be paid in cash and fully disbursed from internal resources of the group.
After this acquisition, China Oriental will hold a total of 4.05 million shares of Jiangsu Shentong Valve, representing a 0.80% stake and making them the ninth largest shareholder of Jiangsu Shentong Valve. This increased investment by China Oriental is not only a recognition of the fundamentals and prospects of the nuclear power and high-end valve sectors of Jiangsu Shentong Valve, but also aims to share the growth dividends of emerging areas such as nuclear power, semiconductors, and hydrogen through equity layout. Jiangsu Shentong Valve, on the other hand, can leverage China Oriental's industrial resources to further deepen industry chain synergy in areas such as metallurgy and nuclear power.
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