Shenghe Resources Holding Co., Ltd. (600392.SH) announced that shareholder Wang Quangen plans to reduce his holdings in the company. The divestment will take place over a three-month period starting 15 trading days after the disclosure of the reduction plan. Wang intends to sell no more than 17.5283 million shares, representing up to 1% of the company's total equity, through centralized bidding on the Shanghai Stock Exchange. The selling price will be determined based on market conditions.
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