Montage Tech shareholder stake dips below 9%

Zhuhai Rongying Equity Investment Partnership and WLT Partners, L.P. have collectively reduced their stake in Montage Technology (SSE:688008) below 9%, according to a filing by Montage Technology. The entities’ combined holding decreased from 105,817,762 shares to 102,817,762 shares, representing a drop from 9.26% to 8.98% of Montage Technology's total share capital. The share reduction included a sell-off of 3,000,000 shares via centralized bidding, and the decrease was caused by the exercise of equity incentives diluting the percentage. Montage Technology confirms that it has no controlling shareholder. The company also stated that the change does not affect corporate governance. This change follows a previously disclosed share reduction plan.