Editor’s Note
This article highlights recent southbound capital activity regarding Guan Cheng Watch & Jewellery (00256.HK), noting a consistent pattern of net share reductions over the past month.
According to Securities Star news, on February 4, southbound capital reduced its holdings of Guan Cheng Watch & Jewellery (00256.HK) by 326,000 shares. Over the past five trading days, southbound capital recorded net reductions on five days, with a cumulative net reduction of 3.606 million shares. Over the past 20 trading days, southbound capital recorded net reductions on 20 days, with a cumulative net reduction of 15.85 million shares. As of now, southbound capital holds 99.7 million shares of Guan Cheng Watch & Jewellery (00256.HK), accounting for 22.91% of the company’s issued ordinary shares.
Guan Cheng Watch & Jewellery Group Limited is an investment holding company primarily engaged in the manufacturing of watches and timepiece products. The company operates through three segments. The Watch and Timepiece Products and Watch Parts segment is mainly engaged in the manufacturing and distribution of watches, timepiece products, and watch parts. This segment is also involved in the procurement of raw materials and components, mechanical machinery manufacturing, assembly, inventory management, and proprietary brand marketing activities. The Banking and Financial Services segment primarily provides financial services, including portfolio management and investment advice, trading banking, and investment fund services. The Property Investment segment is mainly engaged in property investment business.