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WFEK issued a statement revealing that its shareholder, China - Singapore Venture, had initially formulated a plan to decrease its shareholding. The intention was to offload no more than 13.0434 million shares, which is equivalent to no more than 2% of the company's total share capital, via block trades during the period from June 27, 2025, to September 26, 2025.
However, as of September 10, 2025, China - Singapore Venture has not made any move to reduce its stake in the company. Moreover, taking into account its own business strategies, the venture has opted to terminate the share reduction plan ahead of the originally scheduled end - date. At present, China - Singapore Venture still holds 103 million shares of the company, representing 15.77% of the total share capital.
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