Sanjiang Shopping Club (601116.SH): Alibaba intends to reduce its shareholding by no more than 2%
Sanjiang Shopping (601116.SH) announced that the company recently received a notice from its second largest shareholder, Hangzhou Alibaba Zetai Information Technology Co., Ltd. (referred to as "Alibaba Zetai"), regarding a reduction plan for their shares. Due to their own business arrangements, Alibaba Zetai intends to reduce their holdings of the company's shares by up to 10.95 million shares through centralized bidding and block trade methods, which is no more than 2% of the company's total share capital.
Sanjiang Shopping Club (601116.SH) announced that the company recently received a notice from its second largest shareholder, Hangzhou Alibaba Ze Tai Information Technology Co., Ltd. (referred to as "Alibaba Ze Tai"), regarding a share reduction plan. Due to its own business arrangements, Alibaba Ze Tai intends to reduce its holdings of the company's shares by no more than 10.95 million shares, or 2% of the company's total share capital, through centralized bidding and block trading methods.
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