Jiakai City: Guangzhou Kailong plans to passively reduce its stake of no more than 6%
Financial Associated Press, Dec. 29 - Jiakai city announced that Guangzhou Kailong, a shareholder holding more than 5% of the company, and CITIC Securities carried out stock pledge repo business. The business has expired and the debt has not been repaid. There is a risk of passive reduction of the company's shares held by Guangzhou Kailong due to position closing. It is planned to adopt centralized bidding trading The total reduction of the company's shares by means of block trading shall not exceed 108 million shares (accounting for 6% of the company's total share capital).
This text is a result of machine translation.
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