---
title: "NRB CORPORATION shareholder Cheng Shangnan and his concerted parties plan to reduce their holdings by no more than 1.6531%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247007247.md"
description: "NRB CORPORATION announced that its shareholder Cheng Shangnan, who holds more than 5% of the shares, along with its concerted party Xinde Investment, plans to reduce their holdings by no more than 9.2276 million shares, approximately 1.6531% of the total share capital, within three months after the announcement is disclosed, through centralized bidding or block trading within 15 trading days"
datetime: "2025-07-02T13:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247007247.md)
  - [en](https://longbridge.com/en/news/247007247.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247007247.md)
generator: "portal-rs"
---

# NRB CORPORATION shareholder Cheng Shangnan and his concerted parties plan to reduce their holdings by no more than 1.6531%

According to the announcement from Zhitong Finance APP, NRB CORPORATION (002708.SZ) announced that Mr. Cheng Shangnan, a shareholder holding more than 5% of the shares and a director, along with the shareholder Changzhou Xinde Investment Co., Ltd. ("Xinde Investment"), are acting in concert. They plan to reduce their holdings of the company's shares by no more than 9.2276 million shares (i.e., no more than 1.6531% of the total share capital after excluding shares in the company's repurchase special securities account) within three months after fifteen trading days from the date of this announcement, through centralized bidding or block trading

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