XD Electric's Shareholder to Dispose of Up to 3% Stake; Shares Down 4%

MT Newswires Live

2025/02/13

A unit of China XD Electric (SHA:601179) plans to trim its holdings in the company, according to a Shanghai Stock Exchange disclosure on Thursday.

GE Smallworld (Singapore) will dispose of up to 3% of its stake between March 6 and Jun 5.

GE Smallworld currently owns 12% or 615.1 million shares in the Chinese electrical equipment manufacturer, the disclosure said.

The company's shares dropped more than 4% in recent trade.

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