Binhai Energy announced that on July 16 and 17, the controlling shareholder Xuyang Group increased its holdings of the company by 4.55 million shares through centralized bidding transactions, accounting for 1.96% of the company's total share capital. After this equity change, Xuyang Group and Xuyang Holdings, its co-actor, held a total of 62.487.78 million shares of the company, accounting for 26.96% of the company's total share capital. The change hit 26% of the 1% scale. This increase in holdings is based on recognition of the company's future development prospects, etc.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.