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On May 22, Montage Technology disclosed that its significant shareholder, Shanghai Rongying Enterprise Management Partnership (Limited Partnership), intends to divest a portion of its stake, specifically 12.228 million shares, which constitute 1.00% of the company's total outstanding shares. This divestment will be executed through a non-public offering mechanism, specifically via inquiry transfer.
The prospective transferee is required to be an institutional investor that possesses the requisite pricing acumen and risk-bearing capacity. Furthermore, the transferee is prohibited from further transferring these shares within a six-month period subsequent to the transaction.
The primary impetus behind this share reduction stems from the transferor's internal capital requirements.
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