Founder Technology (600601.SH): New Founder Holdings Plans to Divest Up to 2.27% Stake

Stock Track
15 Jul

Founder Technology Co., Ltd. (600601.SH) announced that New Founder Holdings intends to sell up to 94.512 million shares of the company. This potential divestment represents no more than 2.27% of the total outstanding shares. The shareholder cited capital requirements as the primary motivation for this planned reduction in holdings. Market participants will monitor the execution timeline and method of this proposed transaction, which could impact the stock's trading liquidity and ownership structure. Such strategic moves often signal shareholders' portfolio rebalancing or funding needs while potentially creating near-term supply pressure in the secondary market.

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