Big Fund Cuts Stake in Centec Networks to 9.87% After Selling 7.07 Million Shares
Centec Networks said its shareholder, the National Integrated Circuit Industry Investment Fund, completed a planned stake reduction. Between June 8 and September 7, 2026, the fund sold 7.07 million shares via centralized bidding, representing 1.73% of total share capital, for RMB 2.584 billion. Following the sale, the fund holds 40.49 million shares, reducing its stake to 9.87%, and the reduction program has concluded.
Centec Networks announced that the reduction plan of its shareholder, the National Integrated Circuit Industry Investment Fund Co. , Ltd. , has expired. During the period from June 8, 2026 to September 7, 2026, the shareholder reduced its holdings by a cumulative 7.07 million shares through centralized bidding, accounting for 1.73% of the company's total share capital, with total proceeds of RMB 2.584 billion. After this reduction, the fund holds 40.49 million shares of the company, lowering its stake to 9.87%. The reduction plan has now come to an end.