Chutian Dragon Co., Ltd. (003040.SZ) has disclosed that its controlling shareholder, Wenzhou Xianghongwan Enterprise Management Co., Ltd., is planning to reduce its stake in the company.
The shareholder, which currently holds a 45.54% ownership interest, intends to sell no more than 13,834,079 shares through centralized bidding or block trades within a three-month period starting fifteen trading days after this announcement. This reduction represents a maximum of 3% of the company's total share capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments