ASR Microelectronics disclosed after market close on September 10 that Alibaba China Network Technology, a shareholder holding more than 5 percent, saw its stake fall from 11.17 percent to 10.58 percent during the reduction process, hitting the 1 percent threshold, and decided to terminate the current reduction plan early. The remaining 4,783,300 shares originally planned for reduction will no longer be sold. According to the announcement, Alibaba Network reduced its holdings by a total of 7,765,800 shares through block trades and centralized bidding, representing 1.8565 percent of the company's total share capital, at prices ranging from 82.91 yuan to 107.87 yuan per share, for a total reduction amount of approximately 703 million yuan. Of this, 2,482,700 shares were sold between September 8 and September 10. Alibaba Network was an important pre-IPO shareholder of ASR Microelectronics. Before the reduction plan was implemented, it directly held 52,008,400 shares, or 12.4333 percent of total share capital. The reduction plan was disclosed on May 23, 2026, proposing to sell no more than 12,549,000 shares, or no more than 3 percent of total share capital. Alibaba Network currently still holds 44,242,700 shares, or 10.5768 percent of total share capital. The announcement stressed that this equity change will not have a material impact on the company's governance structure or ongoing operations. In the first half of 2026, ASR Microelectronics achieved operating revenue of 2.451 billion yuan, up 29.15 percent year on year, and net profit attributable to the parent of 84.2438 million yuan, turning from loss to profit compared with the same period last year.
ASR Microelectronics Co. Ltd. AAlibaba Network terminated its stake-reduction plan early after selling ~703 million yuan of shares, a shareholder-selling event with no clear directional read on ASR's operations.
