China Spacesat Co.,Ltd. (600118.SH) has announced that its controlling shareholder, the China Academy of Space Technology, intends to reduce its shareholding in the company. The planned reduction involves selling no more than 35.4745 million shares, representing up to 3.00% of the company's total share capital. This divestment will be conducted through both block trades and centralized bidding on the exchange. The implementation period for this plan is scheduled to run from June 10, 2026, through September 9, 2026.
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