---
title: "GCORE: Shanghai Chengyuan plans to reduce its holdings by no more than 1.19% of its shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263982622.md"
description: "According to the announcement from GCORE, the company recently received a notice from its shareholder Shanghai Chengyuan regarding the \"Shareholder Reduction Plan.\" Due to its own funding needs, it intends to reduce its holdings of the company's shares by no more than 30.9464 million shares through centralized bidding or block trading, which accounts for no more than 1.19% of the company's total share capital. The reduction period will be implemented within three months after 15 trading days from the date of the announcement"
datetime: "2025-11-03T09:55:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263982622.md)
  - [en](https://longbridge.com/en/news/263982622.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263982622.md)
---

# GCORE: Shanghai Chengyuan plans to reduce its holdings by no more than 1.19% of its shares

According to the announcement from Zhitong Finance APP, GCORE (688728.SH) has recently received a notice from its shareholder Shanghai Chengyuan regarding the "Shareholder Reduction Plan." Due to its own funding needs, it intends to reduce its holdings of the company's shares by no more than 30.9464 million shares through centralized bidding or block trading, which accounts for no more than 1.19% of the company's total share capital. The reduction period will be implemented within three months after 15 trading days from the date of the announcement

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