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Minde Electronics (300656.SZ) has disclosed that its significant shareholder, Newland, which currently holds over 5% of the company's shares, intends to divest up to 2.039 million shares. This divestment would constitute approximately 1.2% of the company's total issued share capital, excluding shares held in the dedicated repurchase account. The planned divestment period will commence 15 trading days after the public announcement and will extend for a subsequent three-month window. The shares will be sold either through centralized bidding on the stock exchange or via block trades. Newland's decision to reduce its stake is driven by its actual operational and strategic development requirements. The selling price for the shares will be determined in accordance with prevailing market conditions.
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