Bright Power Semiconductor (stock code: 688691.SH) has disclosed that several of its significant shareholders—Liaoning Zhongde, Huzhou Yuntong, and Haitong Innovation—plan to decrease their holdings in the company. This move is motivated by their individual capital requirements. Specifically, within three months after 15 trading days from the announcement date, these shareholders intend to reduce their stakes by up to 1.96%, 0.37%, and 0.38%, respectively. The reduction will be executed through centralized bidding and block trading mechanisms, culminating in a total planned stake reduction of no more than 2.71% of the company's outstanding shares.
