Chengang Technology (08131) issued an announcement. On November 22, 2023 and November 30, 2023,...
According to the Zhitong Finance App, Chen Gang Technology (08131) announced that on November 22, 2023 and November 30, 2023, the offeror had sold a total of 1.46 million shares on the market, accounting for about 0.3% of the total number of shares issued.
Following the completion of the on-market sale, the offeror's equity in the company has been reduced from 357 million shares to 356 million shares, which is equivalent to 74.81% of the company's total issued share capital. As a result, the company has reinstated the 25.0% minimum public shareholding as stipulated in section 11.23 (7) of the GEM listing rules.