Zhejiang JIULI Hi-tech Metals (SHE:002318) plans to sell up to 15,831,400 shares of its stake in Yongxing Materials (002756), representing 3% of Yongxing's total share capital, according to a Saturday filing with the Shenzhen Stock Exchange.
The sale will be conducted through block trades and centralized bidding. Currently, Jiuli holds 38,570,000 shares (7.31%) in Yongxing. The transaction aims to optimize asset allocation, improve liquidity, and support future investments. The final sale price, timing, and counterparties remain uncertain, depending on market conditions and Yongxing's stock price.
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