HK Stock Market Move | Goldwind Science & Technology (02208) falls nearly 6% in early trading, with shareholder Healthy Harmony planning to reduce its stake in the company by no more than 1%.

Goldwind Science & Technology (02208) fell nearly 6% in early trading, dropping 4.03% to HK $6.66 at the time of publication, with a turnover of HK $24.2268 million. On the news front, Goldwind Science & Technology announced that shareholder Harmony Health will reduce its holdings by no more than 41.8284 million shares through centralized bidding within 3 months after 15 trading days from the announcement date, accounting for 1% of the company's total share capital after excluding repurchased shares. The reason for the reduction is for their own operational needs, and the reduction price will be determined based on the secondary market price at the time of reduction. As of the announcement date, Harmony Health holds 486 million shares of the company, accounting for 11.6209% of the total share capital after excluding repurchased shares. In addition, Goldwind Science & Technology recently announced the transfer of 100% equity in the Mount Bullen Holdings to Atmos Cwt Pty Ltd, with the latter holding a 20% stake in the Mount Bullen project, for a cash consideration of AUD $99.3 million. The proceeds will be used to repay loans and supplement working capital.