Wuhan Fingu controlling shareholders plan significant stake reduction
Wuhan Fingu Electronic Technology's controlling shareholder, Mr. Meng Qingnan, and his related party, Mr. Meng Fanbo, plan to reduce their holdings. Mr. Meng Qingnan intends to sell up to 10,714,039 shares (approximately 1.5680% of total share capital), while Mr. Meng Fanbo plans to sell up to 9,784,535 shares (approximately 1.4320% of total share capital). The combined reduction totals up to 20,498,574 shares, representing approximately 3% of the company's total share capital.
The share reduction will occur within three months following 15 trading days from the announcement date (from November 11, 2025, to February 6, 2026), excluding legally restricted periods. Sales will be executed through centralized bidding and block trading, with prices determined by market conditions.
As of the announcement, the controlling shareholders and their related parties collectively hold 293,244,809 shares, representing approximately 42.9169% of the total share capital. If the maximum planned reduction is implemented, their combined holding will decrease to 272,746,235 shares, or approximately 39.9169%. The company stated this reduction will not alter its actual control or significantly impact its ongoing operations.
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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