Humon Share: Subsidiary plans to reduce its stake in Universal Gold by 3.69%
Humon Share announced that its wholly-owned subsidiary Shandong Hengbang Mining Development Co., Ltd. plans to reduce its holdings of no more than 40 million shares of the Hong Kong Stock Exchange listed GuoHua Gold Group Limited within 12 months from the date of approval by the shareholders' meeting, accounting for approximately 3.69% of its total share capital. The reduction price will be determined based on market prices, and the trading counterpart, specific time, and price have not yet been determined. The relevant proposal has been approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for voting
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