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Huitai Medical Vice Chairman Plans to Sell Up to 1.5% Stake
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Huitai Medical (688617) announced on September 20 that its vice chairman and general manager, Zheng Chenghui, who holds approximately 16.68% of the company's shares, plans to reduce his stake. According to the company's filing, Zheng intends to sell no more than 212.29 million shares, equivalent to up to 1.5% of the company's total share capital, through block trades within three months starting 15 trading days after the announcement. The planned sale is a routine disclosure of an insider's intention to reduce holdings, as per Chinese securities regulations.
Source report
People's Financial News, September 20 — HT Medical (688617) announced on September 20 that Cheng Zhenghui, a shareholder holding approximately 16.68% of the company's shares, as well as Vice Chairman and General Manager, intends to reduce his holdings in the company.
According to the announcement, Cheng plans to sell a total of no more than 2.1229 million shares of the company through block trading within three months, starting 15 trading days from the date of the announcement. This represents no more than 1.5% of the company's total share capital.
Source
证券之星-证券要闻Eastern
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Huitai Medical Vice Chairman Cheng Zhenghui plans to sell up to 1.5% stake