Kinco's controlling shareholder plans to reduce its holdings by no more than 3%
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According to the announcement from Kinco, the company recently received a notice from its controlling shareholder, Shanghai Bujin, regarding the plan to reduce shareholding. Due to the shareholder's own funding needs, the controlling shareholder Shanghai Bujin plans to reduce its holdings of the company's shares by no more than 2.725 million shares (not exceeding 3% of the company's total share capital) through centralized bidding and block trading
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