On September 7, Huafeng Measurement & Control issued a statement revealing that its principal shareholder, Xinhua Holdings, driven by its own financial requirements, intends to divest 2,208,800 pre-IPO shares of the company, constituting 1.10% of the total equity, through a book-building allocation process. It's important to note that this share transfer is conducted as a private placement, and the acquiring party will be restricted from selling these shares for a period of six months following the transaction.
