Zhangjie Automobile Shareholder Plans to Reduce Holdings Up to 2.54M Shares (2.09%) on May 25

GateNews
According to Zhangjie Automobile's announcement on May 25, the company's shareholder Huatai Zhangjie Automobile Homeland No. 1 ChiNext Employee Stock Collective Asset Management Plan plans to reduce holdings of no more than 2.54 million shares, representing up to 2.09% of total shares, within three months following 15 trading days from the disclosure date. The reduction will be conducted through centralized competitive trading or block trading, with no price range set. The plan cited funding needs of plan holders as the reason for the reduction.
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