Century Huatong announced that its largest shareholder Wang Ji and his concert party Ji Yunsheng have decided to terminate their share reduction plan early. It was previously disclosed that Wang Ji and Ji Yunsheng planned to reduce their combined holdings by no more than 220 million shares between May 30 and August 29. As of the announcement date, Ji Yunsheng had sold 52.5961 million shares, or 0.71% of total share capital, through centralized bidding from June 16 to June 29, at an average price of 13.56 yuan per share. The remaining shares that were not sold will no longer be reduced within the original reduction plan period.
Zhejiang Century Huatong Group Co LtdLargest shareholder and concert party terminate reduction plan early, reducing overhang.
