Shenzhen International reduces stake in CSG Holding

Investment holding company Shenzhen International Holdings Limited (SIHL) has sold 63,638,756 Class A shares of float, engineering and fine glass manufacturer CSG Holding Co., Ltd. SIHL has sold the s…

Investment holding company Shenzhen International Holdings Limited (SIHL) has sold 63,638,756 Class A shares of float, engineering and fine glass manufacturer CSG Holding Co., Ltd. SIHL has sold the shares at an average price of USD 2.77 per share to raise approximately HKD 1,265.5 million (USD 163.22 million). After the disposal, SIHL owns 155,381,005 Class A shares, representing approximately 13.08% of the total issued share capital of CSG.