Capital, Earnings & M&A
57 Million Yuan in Mysterious Funds Increases Stake in ORG: Industrial Capital Positions for 'FMCG is King'
Hua Bin continues to increase its stake in ORG, approaching the disclosure threshold. After the market close on March 23, a block trade revealed another side of industrial capital deployment. On that day, a seat at Pacific Securities increased its stake in ORG through block trades, accounting for 0.62% of ORG's total share capital, using about 57 million yuan. Based on the trading seat, in December 2019, the Hua Bin system increased its stake in ORG by 0.94% through the same seat. It can be inferred that the buyer in this transaction may still be the operator of China Red Bull, the industrial giant in the domestic FMCG sector, Hua Bin Group. If true, this is the third increase by the 'Hua Bin system', bringing its holding in ORG to 4.6%, just one step away from the 5% disclosure line.
王小伟