Major Shareholder of Zoneco Group Plans to Offload Up to 1.06% Stake

Stock News07-15

An announcement from Zoneco Group Co.,Ltd. (SZSE: 002069) reveals that a major shareholder, Beijing Jirong Yuantong Asset Management's He Dao Yi Hao Securities Investment Fund, intends to reduce its holdings.

The fund plans to sell up to 7.1111 million shares via centralized bidding within three months starting 15 trading days after the announcement's publication, representing no more than 1% of the company's total share capital.

Additionally, it intends to sell up to 426,600 shares through block trades, accounting for no more than 0.06% of the total share capital.

The combined potential divestment totals no more than 7.5377 million shares, which equates to a maximum of 1.06% of the company's total issued shares.

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