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On January 26, Wingtech Technology made an announcement. One of its major shareholders, Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership), which owns over 5% of the company's shares, has successfully wrapped up its share - reduction scheme.
This shareholder has, in total, reduced its holding by 34.49 million shares, representing 2.77% of the company's entire share capital. The share - reduction price fluctuated between RMB 36.77 and RMB 42.18 per share, and the total proceeds from this reduction amounted to RMB 1.326 billion.
In a surprising move, the shareholder has opted to end the share - reduction process ahead of the initially planned schedule. As of now, it still retains 62.23 million shares of the company, which accounts for 5.00% of the total share capital.
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