Meditech: Shareholder Weng Kang intends to reduce his stake by no more than 1.7%.
Madison Technology announced that shareholder Weng Kang plans to reduce his holdings by no more than 5.2142 million shares, or 1.7% of the company's total share capital, within three months of the announcement being released. The reduction will be done through block trades and open market transactions, with a maximum of 5.2142 million shares and 3.0628 million shares, respectively. Wu Di plans to reduce his holdings by no more than 14,300 shares, or 0.0047% of the company's total share capital, within the same timeframe. The implementation of the reduction plan is subject to market conditions and funding arrangements and carries uncertainties.
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