C*STARS Tech: Shareholders Intend to Divest Up to 4.5% of Total Company Shares
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Author:小编   

On September 24th, C*STARS Tech disclosed that, owing to fund withdrawals or individual financial requirements, several entities—including Tianjin Tianchuang Baoxin Venture Capital Partnership (a limited partnership), Tianjin Tianchuang Huaxin Modern Service Industry Venture Capital Partnership (a limited partnership), and individual shareholder Wei Hongkun—intend to divest portions of their shareholdings in the company. This divestment will occur through centralized bidding transactions or block trades over a three-month period, commencing three trading days after the announcement's public disclosure. The detailed divestment plans are outlined as follows: Tibet Teda aims to divest no more than 8.5 million shares, constituting 2.53% of the total share capital; Tianchuang Baoxin plans to divest up to 1.7416 million shares, representing 0.52% of the total share capital; Tianchuang Huaxin intends to divest a maximum of 3.0996 million shares, accounting for 0.92% of the total share capital; and Wei Hongkun proposes to divest no more than 1.7808 million shares, making up 0.53% of the total share capital. It is anticipated that this share divestment will not substantially affect the company's governance framework or ongoing operations.