Baida Group (600865.SH): Xizi United plans to reduce its shareholding by no more than 3%.

Zhitong Finance APP News, Baida Group (600865.SH) announced that the company recently received a "Notice Letter Regarding the Share Reduction Plan" issued by Xizi United. Due to its own funding needs, Xizi United plans to reduce its holdings of the company's shares by no more than 11.2872 million shares in total through centralized bidding and block trades within 3 months after 15 trading days from the date of announcement disclosure, with the reduction ratio not exceeding 3% of the company's total share capital.