Major Shareholder of Xinxiang Chemical Fiber Announces Plan to Reduce Holdings
Stock News
Jun 15
An announcement has been made by Xinxiang Chemical Fiber Co.,Ltd. (000949.SZ).
A significant shareholder, Central Plains Asset Management Co., Ltd., which currently holds an 11.76% stake, has disclosed its intention to reduce its holdings in the company.
The planned reduction involves selling no more than 16,568,900 shares, which represents approximately 1% of the company's total share capital.
This sale is scheduled to occur via a centralized bidding method within a three-month period, starting 15 trading days after the official disclosure of the announcement.
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