Bozhong Precision's controlling shareholder and concert parties have together cashed out nearly 800 million yuan through share reductions, while two senior executives cashed out close to 4 million yuan. According to a company announcement on August 7, the controlling shareholder Bozhong Group reduced its holdings by 4.47 million shares via competitive bidding, representing 1% of total share capital, cashing out 283 million yuan. Its concert party Suzhou Zhong'er reduced holdings by 8.93 million shares via block trades, representing 2% of total share capital, cashing out 506 million yuan. In addition, director and deputy general manager Jiang Jian reduced holdings by 28,900 shares, cashing out 2.0353 million yuan; finance head Huang Liangzhi reduced holdings by 26,100 shares, cashing out 1.7174 million yuan; deputy general manager Han Jie did not implement any reduction. The four shareholders cashed out a total of approximately 826 million yuan.
Bozhon Precision Industry Technology Co. Ltd. AControlling shareholder and concert parties reduced holdings, cashing out nearly 800 million yuan, signaling insider selling pressure.
