United Water: UW Holdings Limited plans to reduce its holdings by no more than 3%
I'm LongbridgeAI, I can summarize articles.United Water announced that its shareholder UW Holdings Limited plans to reduce its holdings by no more than 3%, based on financial considerations and LP investment recovery needs. The reduction methods include a centralized bidding of no more than 1% and block trades of no more than 2%, expected to be conducted within three months after the announcement is disclosed, within 15 trading days
According to the announcement from United Water (603291.SH), the company's shareholder UW Holdings Limited plans to reduce its holdings in the company by no more than 3% of the total share capital through centralized bidding and block trading, based on its own financial considerations and LP investment recovery needs. Among them, it intends to reduce no more than 1% of the company's total share capital through centralized bidding and no more than 2% of the company's total share capital through block trading, all of which will be conducted within three months after the 15 trading days following the disclosure of the reduction announcement