---
title: "FESCO: Tianjin Rongheng plans to reduce its holdings of no more than 3% of the company's shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257693405.md"
description: "According to the Zhitong Finance APP, FESCO announced that Tianjin Rongheng plans to reduce its holdings of the company's shares by no more than 16.9834 million shares, which is no more than 3% of the company's total share capital, through centralized bidding and block trading. The reduction price will be determined based on the market price at the time of the reduction"
datetime: "2025-09-17T09:30:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257693405.md)
  - [en](https://longbridge.com/en/news/257693405.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257693405.md)
generator: "portal-rs"
---

# FESCO: Tianjin Rongheng plans to reduce its holdings of no more than 3% of the company's shares

According to the announcement from Beijing Renli (600861.SH), Tianjin Rongheng intends to reduce its holdings of the company's shares by no more than 16.9834 million shares through centralized bidding and block trading, which does not exceed 3% of the company's total share capital. The reduction price will be determined based on the market price at the time of the reduction

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