Core Viewpoint - The announcement details a significant reduction in shareholding by major shareholders of Bozhong Precision Engineering Co., Ltd., indicating a planned divestment strategy that has been partially executed [1][2]. Shareholding Changes - From September 15 to September 22, 2025, major shareholders reduced their holdings by 5,495,885 shares, representing 1.23% of the total share capital [1]. - Following this reduction, the controlling shareholders' stake decreased from 65.00% to 63.77%, with total shares held dropping from 290,321,048 to 284,825,163 [1][2]. - The weighted average price of Bozhong Precision shares during this period was 37.43 CNY per share, resulting in a cash-out of approximately 206 million CNY for the shareholders involved [1]. Previous Shareholding Changes - Between August 4 and September 8, 2025, the same group of shareholders reduced their holdings by 4,090,107 shares, which accounted for 0.92% of the total share capital [4]. - This earlier reduction led to a decrease in the controlling shareholders' stake from 65.92% to 65.00%, with total shares held falling from 294,411,155 to 290,321,048 [4]. Company Background - Bozhong Precision Engineering was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on May 12, 2021, with an initial public offering price of 11.27 CNY per share [5]. - The company raised a total of 462.07 million CNY during its IPO, with net proceeds amounting to 406.70 million CNY after deducting issuance costs [5]. - The company has experienced fluctuating cash flow from operating activities over the past five years, with only the most recent year showing a positive net cash flow of 31.88 million CNY [5].
博众精工5持股平台八天减持549万股 套现2.06亿元