GCL Technology chairman reduces stake to 18.59%

GCL Technology Holdings Limited announced that chairman Zhu Gongshan's voting share interest decreased to 5.3 billion shares, representing 18.59% of total issued shares.

The stake is held through Asia Pacific Energy Fund Limited under a discretionary trust, with Zhu and his family as beneficiaries.

Despite the reduction, Zhu maintains confidence in the company's outlook and intends to consider further investment subject to market conditions.