China controlled Saige (000068.SZ) fell nearly 5% in intraday trading today, closing down 3.72% at 3.88 yuan, with a turnover of 300 million yuan throughout the day, with the latest market capitalization of 3.9 billion yuan.
It was announced last night that on September 22, 2022, the company received a letter from shareholder Shen Saige on the progress of the implementation of the reduction of shares in Shenzhen Huahongsaige Co., Ltd. It was learned that Shenzhen Saige and the concerted actor Saige Group had reduced a total of 9.9336 million shares of the company through centralized bidding from October 14 to September 21, 2020, accounting for 0.99% of the company's total share capital.