Summary by Futu AI
RENDE RESOURCES HOLDINGS LIMITED (“RENDE RESOURCES”) ANNOUNCED ON 1 FEBRUARY 2024 THAT ITS MAJOR SHAREHOLDER HONG KONG CHAO MERCHANT GROUP LIMITED (“CHAO MERCHANT”) SOLD A TOTAL OF 40,000,000 SHARES IN YAN DEK RESOURCES ON THE PUBLIC MARKET BETWEEN 31 JANUARY AND 1 FEBRUARY 2024, REPRESENTING APPROXIMATELY 21.26% OF THE COMPANY'S ISSUED SHARE CAPITAL。 After this transaction, Tao Tao's shareholding ratio dropped to approximately 8.22%, making it no longer a major shareholder of Rind Resources. The dealer confirmed that the sale was made on the open market and did not know the identity of the buyer. THE BOARD OF DIRECTORS OF RENDE RESOURCES STATED THAT THIS SALE OF SHARES WILL NOT ADVERSELY AFFECT THE OPERATIONS OF THE COMPANY AND ITS SUBSIDIARIES. Shareholders and potential investors should buy and sell shares with caution.