New Hope Dairy: Shareholder UDL plans share reduction

New Hope Dairy [SZSE:002946] faces potential stock volatility as its controlling shareholder, Universal Dairy Limited (UDL), announced plans to reduce its holdings. UDL, which currently holds 560,000,000 shares representing 65.07% of New Hope Dairy's total equity, intends to decrease its holdings by no more than 25,820,305 shares (3%). The reduction will occur via a mix of centralized bidding (up to 8,606,768 shares) and block trading (up to 17,213,537 shares) within three months after a 15-day waiting period from the announcement date.