YDME fell nearly 4% as shareholder Yizhuang Guotou plans to reduce its holdings by no more than 1% of the company's shares
YDME today fell by 3.75% to CNY 22.3 during intraday trading, marking a three-day decline of over 9% this week. YDME announced that its major shareholder, Yizhuang Guotou, intends to reduce its holdings through centralized bidding or block trading due to its own operational management needs. The reduction will occur within three months after the disclosure of this reduction plan, with a maximum of 14.2762 million shares to be sold, not exceeding 1% of the company's total share capital
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