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Zotye Auto: China Zheshang Bank Intends to Reduce Stake by Up to 3%
2025-03-19 /
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Author：小编
Zotye Auto has announced that China Zheshang Bank, currently holding a 9.35% stake in the company, intends to reduce its shareholding by no more than 151 million shares, equivalent to 3% of Zotye Auto's total share capital. This reduction will occur within three months following 15 trading days after the announcement. The reduction will be executed through either centralized bidding or block trading methods. Notably, the reduction via centralized bidding will not surpass 1% of the total shares, while the reduction via block trading will not exceed 2%. This move is attributed to the compliance with national laws and regulations pertaining to the disposal of debt-for-asset swaps.
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