Key Points - The major shareholder, Beijing Chengtong Jin控 Investment Co., Ltd., plans to reduce its stake in Hangzhou Iron & Steel Co., Ltd. by selling up to 67,543,781 shares, which represents no more than 2% of the company's total share capital [1][3][4] - As of the announcement date, Chengtong Jin控 holds 378,494,141 shares, accounting for 11.21% of the total share capital, with these shares acquired through administrative transfer [1][3] - The reduction plan is motivated by the company's own funding needs and will be executed through block trading within a three-month period starting from 15 trading days after the announcement [2][4] - If there are changes in the company's share capital due to stock increases, new share issuances, or other corporate actions, the number of shares to be reduced will be adjusted accordingly [3][4]
杭钢股份: 杭州钢铁股份有限公司关于持股5%以上股东减持股份计划公告