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Huayuan Co., Ltd.: Shareholder Huasheng Enterprise plans to reduce holdings by no more than 1%
Huayuan Co., Ltd. announced that the shareholder holding more than 5% of shares, Huasheng Enterprise Development (Shenzhen) Co., Ltd., owns 32.4 million shares, accounting for 21.36%.
It plans to reduce its holdings by no more than 1.51 million shares, accounting for 1.00% of the company’s total share capital, within three months after 15 trading days from the date of the announcement through centralized bidding or block trades.
The reduction price will not be lower than the issuance price (ex-dividend and ex-rights).
The source of the shares is acquired before listing on the Beijing Stock Exchange.
The reason for the reduction is due to the company’s own capital needs.