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XianDao JiDian: Shareholder Sanlin Wanye Plans to Reduce Holdings by No More Than 2.05%
Leading Electric Power announced that as of now, the second-largest shareholder, Sanlin Wanye (Shanghai) Enterprise Group Co., Ltd., holds 54.484 million unrestricted circulating shares of the company, accounting for 5.85% of the total share capital. Due to its own funding needs, Sanlin Wanye plans to reduce its holdings by no more than 19.11 million shares, or 2.05% of the total, between March 17, 2026, and June 16, 2026, after a 15 trading day disclosure period. The reduction will be carried out through centralized bidding and block trades, with no more than 9.11 million shares (0.98%) sold via centralized bidding and no more than 10 million shares (1.07%) via block trades.