Hoshine Silicon Controlling Shareholder Completes 3% Stake Reduction Worth RMB1.393 Billion
Hoshine Silicon's controlling shareholder, Hoshine Group, has completed its planned stake reduction, selling 35.4662 million shares, or 3% of the company's total share capital, through centralized bidding and block trades. The transaction generated total proceeds of RMB1.393 billion. Following the reduction, Hoshine Group's stake in the company decreased from 38.34% to 35.34%.
Hoshine Silicon's controlling shareholder, Hoshine Group, has fully executed its share reduction plan. According to the company's announcement, during the reduction period, Hoshine Group sold a total of 35.4662 million shares through centralized bidding and block trades, representing 3% of the company's total share capital, with total proceeds amounting to RMB1.393 billion. Upon completion of the reduction, Hoshine Group's shareholding decreased from 38.34% to 35.34%.