BRANDMAX fell over 4% as multiple shareholders plan to collectively reduce their holdings by no more than 5% of the company's shares
BRANDMAX is currently down 4.2% at CNY 10.26, with the stock price hitting a new low since early May. BRANDMAX announced that shareholders Shangrui Group, Zeng Jun, and Zhou Xiaolu plan to reduce their holdings in the company through block trades. Among them, Shangrui Group plans to reduce no more than 8.4851 million shares, accounting for 2% of the total share capital; Zeng Jun plans to reduce no more than 4.2425 million shares, accounting for 1% of the total share capital; Zhou Xiaolu plans to reduce no more than 8.4851 million shares, accounting for 2% of the total share capital. The reduction period is within 3 months from the 15 trading days following the announcement