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Saiwei Electronics has made an announcement stating that the National Integrated Circuit Industry Investment Fund Co., Ltd., compelled by fund exit mandates, has decreased its shareholding in the company. Specifically, the fund divested 6.4278 million shares via centralized bidding transactions that took place from November 25th to 27th. As a result of this move, the fund's shareholding percentage in Saiwei Electronics declined from 5.88% to 4.999986%. Post this equity adjustment, the fund's total shareholding in the company stands at 36.6106 million shares. Looking ahead, the fund has indicated its intention to further reduce its stake in Saiwei Electronics over the ensuing 12 months. This will be done at a judicious time, taking into account prevailing market conditions and the fund's own exit strategy requirements.
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