Yifeng Pharmacy's controlling shareholder plans to reduce stake
Yifeng Pharmacy Chain (SSE:603939) announced that its controlling shareholder, Houxin Venture Capital, along with its concerted parties Yizhifeng Enterprise Management and Yirentang Enterprise Management, plan to reduce their stakes in the company. The employee stock ownership platforms aim to reduce holdings by no more than 24,248,336 shares, representing up to 2% of the total share capital. This reduction will be executed through block trades within three months following a 15-day period after this announcement, with the price determined by market conditions. Houxin Venture Capital intends to reduce its holding by 21,471,949 shares, Yizhifeng Enterprise Management by 1,903,917 shares and Yirentang Enterprise Management by 872,470 shares. The reasons cited for the reduction are the shareholders’ own capital needs.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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