FilingReader Intelligence

Huace Navigation: Shareholder stake drops below 5%

June 13, 2025 at 05:25 PM UTCBy FilingReader AI

Shanghai Huace Navigation Technology (SZSE:300627) announced that shareholder Shanghai Shangyu Venture Capital's stake has decreased to 4.99999% of the company's total share capital. The change resulted from a combination of passive dilution and active selling through centralized bidding. Specifically, Shangyu Venture Capital reduced its holdings by 1,095,500 shares between May 28 and June 4, 2025 and a further 222,700 shares on June 10, 2025. An additional 120,000 shares were sold between June 11 and June 12, 2025. Following these transactions, Shangyu Venture Capital now holds 27,915,631 shares. The company stated that this equity change will not affect its control or operations. As of the announcement date, 10,000,000 of the shares held by Shangyu Venture Capital are subject to a pledge.

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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