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Hainan Haiyao plans to reduce its holdings of China Antibody by no more than 68 million shares
Beijing Business Today News (Reporter Ding Ning) On the evening of April 3, Hainan Haiyao (000566) issued an announcement stating that the company plans to reduce its holdings of China Antibody Pharmaceutical Co., Ltd. (HK03681, hereinafter referred to as “China Antibody”) by no more than 68 million shares through block trades and bulk transactions via centralized bidding (the proportion of the company’s total issued share capital shall not exceed 5%).
The announcement shows that China Antibody System is a company with a participating investment. Hainan Haiyao holds 158.8821 million shares of China Antibody, accounting for 11.46% of its total issued share capital. In order to optimize the company’s asset structure and improve asset liquidity and usage efficiency, the company plans, at appropriate times, to dispose of an aggregate number of China Antibody shares it holds of no more than 68 million shares (accounting for no more than 5% of the total number of China Antibody shares).