Shareholder Bao Lifen of Nanjing CIGU Technology Corp., LTD. (688448.SH) plans to reduce their shareholding by no more than 3%.

date
29/06/2025
avatar
GMT Eight
Magnetic Valley Technology (688448.SH) announced that its shareholder Baolifeng intends to conduct centralized bidding... due to its own fund arrangement.
Nanjing CIGU Technology Corp., LTD. (688448.SH) announced that shareholder Baolifeng plans to reduce its holdings of the company's shares by no more than 214.96 million shares, which is 3% of the total share capital. This will be done through centralized bidding and block trading, with a plan to reduce holdings through centralized bidding not exceeding 71.65 million shares, or 1% of the total share capital; and a plan to reduce holdings through block trading not exceeding 143.3 million shares, or 2% of the total share capital.