Shanghai Construction: Guosheng Group concludes share reduction plan

Shanghai Construction Group (SSE:600170) announced that shareholder Guosheng Group has concluded its share reduction plan. Before the reduction, Guosheng held 1,325,719,665 shares, representing 14.92% of Shanghai Construction's total share capital. From March 17, 2025, to April 3, 2025, Guosheng Group reduced its holding by 24,419,665 shares through centralized competitive bidding, at a price range of CNY 2.60 to CNY 2.73 per share. The total value of the reduced shares amounted to CNY 65,059,707.19. Following this reduction, Guosheng Group now holds 1,301,300,000 shares, or 14.64% of the company. The share reduction plan concluded on June 6, 2025.