Asr Microelectronics Announces Alibaba's Planned Stake Sale of Up to 3%
Stock News
Yesterday
Asr Microelectronics Co., Ltd. (688220.SH) has issued an announcement stating that its shareholder, Alibaba (China) Network Technology Co., Ltd., which holds a 12.4333% stake in the company, intends to reduce its holdings. Due to its own arrangements, Alibaba plans to sell no more than 12.549 million shares, representing no more than 3% of the company's total share capital, through block trades and centralized bidding transactions within three months starting from 15 trading days after the announcement date.
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