---
title: "SRIBS Group: Guoxin Shanghai plans to reduce its holdings by no more than 1.46% of shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254589373.md"
description: "SRIBS Group announced that its shareholder, State-owned Assets Supervision and Administration Commission of the State Council, plans to reduce its holdings by no more than 1.46% in the next three months, totaling no more than 6 million shares. State-owned Assets Supervision and Administration Commission of the State Council holds 28 million shares in the company, accounting for 6.83% of the total shares. This reduction is due to funding needs and will not have a significant impact on the company's governance structure and ongoing operations. The reduction price will be determined based on market prices"
datetime: "2025-08-26T09:35:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254589373.md)
  - [en](https://longbridge.com/en/news/254589373.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254589373.md)
generator: "portal-rs"
---

# SRIBS Group: Guoxin Shanghai plans to reduce its holdings by no more than 1.46% of shares

SRIBS Group announced that its shareholder, State-owned Assets Supervision and Administration Commission of the State Council, plans to reduce its holdings by no more than 6 million shares, accounting for no more than 1.46%, through centralized bidding or block trading within three months after 15 trading days from the announcement date. As of the announcement date, State-owned Assets Supervision and Administration Commission of the State Council holds 28,000,100 shares, with a shareholding ratio of 6.83%. This reduction plan is due to the funding needs of State-owned Assets Supervision and Administration Commission of the State Council and will not have a significant impact on the company's governance structure and ongoing operations. The reduction price will be determined based on market prices. State-owned Assets Supervision and Administration Commission of the State Council has previously committed that any reduction actions will strictly comply with laws, regulations, and relevant commitments

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**