Xinte Electric's controlling shareholder terminates share reduction plan early without selling any shares

Corporate Action
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Summary · why it matters

Xinte Electric announced on July 31 that the company's controlling shareholder, actual controller, and their concert parties have decided to terminate early the previously disclosed share reduction plan, which originally proposed to reduce holdings by no more than 3% of the company's total share capital. From the start of the reduction plan to the date of the announcement, the above shareholders did not reduce their holdings in the company.

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