Pharmaron Announces Completion of Shareholder Reduction Plan

Stock News07-08

An announcement has been issued by Pharmaron (HKEX: 03759) regarding the share reduction plan of its major shareholders. The plan, previously disclosed, involved shareholders Shenzhen Xinzhong Kangcheng Investment Partnership and its concert party, Shenzhen Xinzhong Longcheng Investment Partnership, intending to reduce their holdings by up to 27.56 million shares, representing 1.50% of the company's total share capital at the time.

The company has recently received formal notifications from Xinzhong Kangcheng and Xinzhong Longcheng, confirming the completion of this share reduction exercise. Specifically, Xinzhong Kangcheng has sold a total of 16.84 million shares, while Xinzhong Longcheng has sold a total of 10.72 million shares.

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