Zhejiang Shibao's controlling shareholder plans to reduce its shareholding in the company by no more than 3%.
Zhejiang Shibao (01057) announced that the company recently received a "Notice of Planned Reduction of Company Shares" from its controlling shareholder Zhejiang Shibao Holdings Group Co., Ltd. (hereinafter referred to as "Shibao Holdings"). Shibao Holdings plans to reduce a total of approximately 24.679 million A-shares, not exceeding 3% of the company's total share capital, within 3 months after 15 trading days from the disclosure of this announcement (i.e. from May 22, 2026 to August 19, 2026, excluding sensitive periods).
Zhejiang Shibao (01057) announced that the company recently received a notice from its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd. (referred to as "Shibao Holding"), regarding their plan to reduce their shareholding in the company. Shibao Holding plans to sell a total of approximately 24.679 million A shares within 3 months after the disclosure of this announcement, starting from 15 trading days after the announcement date (from May 22, 2026 to August 19, 2026, with no reduction during sensitive periods), which is equivalent to 3% of the company's total share capital.
Of this total, selling of approximately 8.2263 million A shares through centralized bidding will not exceed 1% of the company's total share capital, and selling of approximately 16.4526 million A shares through block trading will not exceed 2% of the company's total share capital.
Related Articles
Strategy (MSTR.US) adds $255 million worth of Bitcoin, purchasing pace slows significantly compared to the previous two weeks.
US Stock Market Move | "Concept of optical communication widely declines, POET Technologies (POET.US) drops by nearly 45%."
Montage Technology (06809) net profit attributable to shareholders for the first quarter was 847 million yuan, an increase of 61.3% year-on-year.
Strategy (MSTR.US) adds $255 million worth of Bitcoin, purchasing pace slows significantly compared to the previous two weeks.
US Stock Market Move | "Concept of optical communication widely declines, POET Technologies (POET.US) drops by nearly 45%."
Montage Technology (06809) net profit attributable to shareholders for the first quarter was 847 million yuan, an increase of 61.3% year-on-year.
