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Chenxin Pharmaceuticals: Shareholder Chenxin Tongtai plans to reduce holdings by no more than 1%
Chenxin Pharmaceutical Announcement, shareholder Jiangsu Chenxin Tongtai Enterprise Management Co., Ltd. holds 1.37M shares of the company, accounting for 0.302%.
It plans to reduce no more than 1.37M shares, or 1% of its holdings, within three months after 15 trading days from the disclosure date, through centralized bidding or block trading.
The reduction period is from April 7, 2026, to July 7, 2026.
The source of shares is from the distribution of shares from Chenxin Technology Group’s spin-off.
The reason for the reduction is capital needs.