Philips China to sell 3% B-Soft stake

Philips (China) Investment plans to reduce its B-Soft stake by up to 46.3 million shares, representing 3% of total share capital. The reduction will occur over three months through centralized bidding and block trades.

Philips currently holds 155 million shares, accounting for 10.04% of B-Soft's total share capital. The company will sell up to 15.4 million shares via centralized bidding and up to 30.9 million shares via block trades, with prices determined by market conditions.