NONGFU SPRING Up 3.7% at Open; Zhong Shanshan's Yangshengtang Mulls to Add Up to $2B Stakes in Next 6 Mths

　　Yangshengtang, a company owned by Zhong Shanshan, intends to spend up to $2 billion to increase its stake in NONGFU SPRING (09633.HK) +2.550 (+7.556%) Short selling $218.58M; Ratio 40.794% in the next 6 months. Boosted by the news, NONGFU SPRING opened lifting 3.7% at $35 today, with 356,200 shares traded in the pre-market, involving $12.467 million.

　　Citi Research said that Zhong Shanshan, the founder and majority shareholder of NONGFU SPRING, intends to increase his shareholding in the company to show his confidence in the company's development and recognition of its intrinsic value. The broker expected the market to react positively to the news at open today.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-09 16:25.)