Major Shareholder to Reduce Stake in Leading Silicon Wafer Producer

Stock News07-07

In a recent corporate filing, National Silicon Industry Group Co.,Ltd. (688126.SH) announced that a significant shareholder plans to sell down its holding.

The National Integrated Circuit Industry Investment Fund Co., Ltd. intends to divest a portion of its shares due to its own operational and management requirements.

The divestment plan involves selling up to 66.1005 million shares, representing no more than 2% of the company's total issued share capital.

The selling period is set to commence 15 trading days after the disclosure of the announcement and will last for three months.

The shares will be sold either through block trades or centralized bidding on the exchange.

The final selling price for the shares will be determined based on prevailing market prices at the time of the transactions.

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