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Blue Arrow Electronics: Shareholder Bilin Innovation plans to reduce its stake in the company by 1.04%
Jinshi Data December 10 news, Blue Arrow Electronics announced that shareholder Bilin Innovation Plan will reduce its holdings of the company’s shares through Block Trading within three months after 15 trading days from the date of announcement, with a cumulative reduction of no more than 2.0829 million shares, accounting for 1.04% of the company’s total share capital. Bilin Innovation currently holds 6.0829 million shares of the company, accounting for 3.04% of the total share capital. The reason for the reduction is the demand for fund expiration. The reduction price will be determined based on market prices and trading conditions, and will not be lower than the issuance price of the company’s initial public offering.