Baolong Automotive director Wang Shengquan plans to reduce holdings of no more than 229,600 shares
I'm LongbridgeAI, I can summarize articles.Baolong Automotive director Wang Shengquan plans to reduce his holdings by no more than 229,600 shares through centralized bidding trading within 15 trading days after the announcement, within a period of 3 months. The number of shares to be reduced accounts for 0.11% of the company's total share capital and 25% of his holdings. The reduction price will be determined based on market prices
According to the announcement from Zhitong Finance APP, Baolong Automotive (603197.SH) stated that the company's director and deputy general manager Wang Shengquan plans to reduce his holdings of the company's shares due to personal funding needs. He intends to reduce his holdings through centralized bidding trading within three months after the announcement of this reduction plan, starting 15 trading days later (no reduction during the window period). The number of shares to be reduced will not exceed 229,600 shares, which is no more than 0.11% of the company's current total share capital and no more than 25% of his total holdings in the company. The reduction price will be determined based on the market price at the time of the reduction