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Watt Gas has disclosed that three investment partnerships—Xiamen Huahong Duofu, Xiamen Huahe Duofu, and Xiamen Huajin Duofu—have outlined plans to collectively divest a maximum of 2.4 million shares of the company via block trades, spanning from May 13 to August 12, 2026. This divestiture will not exceed 2% of the company's total outstanding shares. The motivation behind this share reduction stems from the shareholders' individual capital requirements. Notably, all shares earmarked for reduction were obtained prior to the company's Initial Public Offering (IPO). In the event of corporate actions such as rights issues or dividend payouts occurring during this timeframe, the share reduction plan will be modified in accordance with those events.
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