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Tianshan Biological's Major Shareholder Plans to Sell Up to 3% Stake
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On September 20, Tianshan Biological announced that Xinjiang Animal Husbandry Group Co., Ltd., a shareholder holding more than 5% of the company's shares, plans to reduce its holdings by no more than 7.1934 million shares, equivalent to no more than 3% of the company's total share capital. The reduction will be executed through centralized bidding and block trades within three months after the expiration of 15 trading days from the date of the announcement. The stated reason for the reduction is the need for funds for the shareholder's own operational development.
Source report
Jin10 Data, September 20 — Tianshan Biological has announced that Xinjiang Animal Husbandry Group Co., Ltd., a shareholder holding more than 5% of the company's shares, plans to reduce its holdings.
Key Details
- Reduction Scale: No more than 7.1934 million shares, equivalent to no more than 3% of the company's total share capital
- Method: Centralized bidding and block trades
- Timeline: Within three months after the expiration of 15 trading days from the date of this announcement
- Reason: The need for funds for its own operational development
Source
金十数据Neutral / independent
Part of this Story
Tianshan Biological shareholder plans to reduce stake by up to 3% for operational funding