Nanjing Cigu Technology Corp., Ltd. (688448.SH) has announced that shareholder Baolifeng intends to reduce its holdings in the company by up to 2,149,600 shares, representing no more than 3% of the company's total share capital. The planned share sale will be conducted through block trades and centralized bidding on the exchange, with the shareholder citing its own capital arrangement needs as the reason for the divestment.
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