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Shannon Semiconductor: Major Shareholder, New Momentum Fund, Intends to Trim Stake by Up to 1% of Total Shares
2025-10-20 /
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Author：小编
Shannon Semiconductor has made a public announcement stating that Wuxi High-Tech Zone New Momentum Industry Development Fund (Limited Partnership), a significant shareholder with a stake exceeding 5%, has outlined plans to decrease its holding in the company. The intended reduction involves selling no more than 4.6377 million shares, which equates to 1% of the company's entire share capital. This transaction will be executed through centralized bidding within a three-month period, commencing 15 trading days after the date of the announcement's public disclosure. The motivation behind this stake reduction is cited as the need for capital, and the shares in question originate from prior agreement transfers.
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