Zhuzhou Smelter Group shareholder plans to reduce stake

Zhuzhou Smelter Group (SSE: 600961) announced that shareholder Hunan Xiangtou Jinyao Private Equity Fund plans to reduce its stake in the company. As of the announcement date, Xiangtou Jinyao holds 65,370,510 shares, representing 6.09% of Zhuzhou Smelter's total share capital. From April 14, 2025, Xiangtou Jinyao intends to reduce its holdings by no more than 32,186,181 shares, or 3% of the company's total share capital, through both centralized bidding and block trading within a three-month period. No more than 10,728,727 shares will be sold through centralized bidding, while block trades will account for no more than 21,457,454 shares. The shares stem from the company's asset restructuring. Xiangtou Jinyao cites its own capital needs as the reason for the share reduction.