Summary by Futu AI
RENDE RESOURCES HOLDINGS LIMITED (“RENDE RESOURCES”) ANNOUNCED ON 2 FEBRUARY 2024 THAT ITS MAJOR SHAREHOLDER HONG KONG CHO MERCHANT GROUP LIMITED (“CHAO MERCHANT”) HAS FURTHER SOLD 15,465,920 SHARES ON THE OPEN MARKET, REPRESENTING APPROXIMATELY 8.22% OF THE COMPANY'S ISSUED SHARE CAPITAL. The transaction follows the sale of shares from January 31 to February 1, 2024. Chiu Merchants will no longer hold any shares in Rende Resources after the sale. The dealer stated that further sales were made on the open market and did not know the identity of the buyer. The Board of Directors of Ren Tek Resources expects that this sale of shares will not adversely affect the operations of the Company and its subsidiaries. The Company reminds shareholders and potential investors to exercise caution when trading shares.