Summary by Futu AI
Central China Corporation (CICC) announced on January 5, 2024 that its shareholder, Helsingin Group, plans to hold a share of A shares of not more than 2% of the total share capital of the company from 11 January to 10 April 2024, to no more than 96,545,137 shares through a bulk transaction. Helsingin currently holds a 4.20% stake in the JSC and confirms that there is no consistent action. This reduction plan will not result in a change in corporate control and Helsingin undertakes to comply with relevant laws and regulations and regulatory rules. The CCP said that the specific implementation of the reduction plan will be determined by factors such as market conditions, so there is uncertainty.