CAIDA SECURITIES: State Control Operations plans to reduce its holdings by no more than 3% of shares
I'm LongbridgeAI, I can summarize articles.CAIDA SECURITIES announced that its shareholder, State-owned Capital Operation, plans to reduce its holdings by no more than 3% of shares between July 3, 2025, and October 2, 2025. Specifically, it will reduce no more than 32.45 million shares (1%) through centralized bidding and no more than 64.90 million shares (2%) through block trading. The reduction price will be determined based on market prices and will not be lower than the company's most recent audited net asset value per share
According to the announcement from CAIDA SECURITIES (600906.SH), the company recently received a letter from its shareholder Hebei State-owned Assets Holding Operation Co., Ltd. (hereinafter referred to as "Guokong Operation") regarding the assistance in handling the shareholder's reduction plan. Based on business development needs, Guokong Operation plans to reduce its holdings of no more than 32.45 million shares of the company's A-shares, which does not exceed 1% of the company's total share capital, within three months from the 15 trading days after the announcement date, specifically from July 3, 2025, to October 2, 2025, through centralized bidding. Additionally, it plans to reduce no more than 64.90 million shares of the company's A-shares, which does not exceed 2% of the company's total share capital, through block trading. The reduction price for the above shares will be determined based on market prices while adhering to previous commitments and will not be lower than the company's most recent audited net asset value per share