Philips subsidiary reduces stake in B-Soft
Philips (China) Investment Co., Ltd. has divested 20,950,000 shares of B-Soft, representing 1.356491% of the total share capital. These transactions occurred between October 13 and October 20, 2025, via block trades, leading to a decrease in Philips' ownership from 8.977366% to 7.620876%. The change triggered an integer multiple of 1% threshold in shareholding.
The share reduction aligns with Philips' previously disclosed plan from August 6, 2025, which indicated an intention to sell up to 46,332,793 shares, or 3% of B-Soft’s capital, within a three-month period. The latest sales fulfill a portion of this ongoing divestment strategy.
B-Soft confirmed that this change in shareholding will not affect the company's control, governance structure, or ongoing operations. The total number of shares held by Philips after this transaction is 117,698,823.
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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