An announcement from Suzhou Sepax Technologies Co.,Ltd. (ASX: 688758) reveals that a major shareholder plans to reduce its holdings.
The shareholder, Anhui Tonghua High-Tech Center (Limited Partnership), which holds more than 5% of the company's shares, intends to sell up to 10.41 million shares.
This divestment, representing no more than 2.5% of the company's total share capital, will be executed through both block trades and centralized bidding on the exchange.
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