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Huafeng to Sell Remaining Shares in Three-Circle Group, Up to 360,400
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Huafeng Co., Ltd. (stock code 605100.SH) announced on September 24 via a filing that its subsidiary, Huafeng International, will sell its remaining holdings of Sanhuan Group shares through the secondary market. The decision aims to further optimize the company's asset structure and improve asset returns. As of the announcement, Huafeng International has already sold 420,900 shares of Sanhuan Group. The company's board has authorized management and designated personnel to sell the remaining shares, totaling no more than 360,400 shares, at their discretion regarding timing, method, quantity, and price. The authorization is valid for 12 months from the date of shareholder meeting approval. If Sanhuan Group undergoes stock splits or capital reserve capitalization, the number of shares to be sold will be adjusted accordingly.
Source report
Hong Kong, September 24 — Huafeng Co., Ltd. (605100.SH) announced that, in order to further optimize the company's asset structure and improve asset returns, its subsidiary Huafeng International has agreed to sell its holdings of Sancircle Group shares through the secondary market.
As of the announcement date, Huafeng International has already sold 420,900 shares of Sancircle Group via the secondary market.
The company has authorized its management and designated personnel to sell the remaining shares held by Huafeng International, totaling no more than 360,400 shares, at their discretion based on market conditions. The authorization covers, but is not limited to, the timing, method, volume, and price of the sales.
The authorization period is 12 months from the date of approval by the shareholders' meeting. During this period, if Sancircle Group undergoes share changes such as stock dividends or capital reserve conversion to increase share capital, the number of shares to be sold by Huafeng International will be adjusted accordingly.
Source
格隆汇Eastern