Kaiwei Te: GHSI plans to reduce its holdings by no more than 3%
Kaiwei Te announced that its shareholder GHSI plans to reduce its holdings by no more than 3% between June 30, 2025, and September 28, 2025. Specifically, it will reduce no more than 1% (736,800 shares) through centralized bidding and no more than 2% (1,473,600 shares) through block trading, in order to optimize the shareholding ratio
According to the Zhitong Finance APP, Kaiweite (688693.SH) announced that the company recently received a "Share Reduction Plan Notification Letter" from its shareholder GHSI, which holds more than 5% of the shares. Due to operational development needs, GHSI plans to adjust and optimize its shareholding ratio in listed affiliated companies. It intends to reduce its holdings through centralized bidding within three months starting from 15 trading days after the pre-disclosure announcement of the reduction, specifically from June 30, 2025, to September 28, 2025, by no more than 1% (i.e., no more than 736,800 shares) through centralized bidding and by no more than 2% (i.e., no more than 1,473,600 shares) through block trading, with the total reduction not exceeding 3% of the company's total share capital
