Hongye Futures: Controlling shareholder's subsidiary company plans to reduce the company's H-shares by no more than 24.255 million shares.
Hongye Futures announced on November 11th that the company recently received a notice from Zhongshan Limited, a subsidiary of the controlling shareholder Su Hao Holdings Group. Zhongshan Limited plans to reduce its holdings of up to 24.255 million H shares of the company through centralized bidding starting from December 1st for a period of 6 months, with the reduction proportion not exceeding 2.41% of the total issued share capital of the company.
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