Zhejiang Shibao Completes Share Reduction Plan
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Zhejiang Shibao Co. Ltd. has completed a share reduction plan by its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd., reducing its stake by 16,452,647 A shares (2% of total share capital) through block trading. This move, finalized between September and November 2025, leaves Shibao Holding with a 32.90% ownership, potentially affecting the company's market dynamics and shareholder structure. Zhejiang Shibao operates in the automotive industry, focusing on steering systems and related components.
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