Guangming Meat Industry: Announcement on Controlling Shareholder's Share Reduction Plan

NightAirdropper · 2026-03-20T16:57:04+00:00

Guangming Meat announced that its controlling shareholder Yimin Food Group plans to reduce its holdings of no more than 1.99% of shares through block trades, totaling no more than 18,660,816 shares. The share reduction plan will be implemented within 3 months during 15 trading days after the announcement.

NightAirdropper

2026-03-20 16:57:04

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Securities Daily News reported that on March 17, Bright Food Meat Industry announced that as of the date of this announcement, its controlling shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd. (referred to as “Yimin Food Group”), holds 298,386,000 unrestricted circulating shares of the company, accounting for 31.82% of the total share capital. Due to strategic development needs, Yimin Food Group plans to reduce its holdings through block trades by no more than 18,660,816 shares, representing no more than 1.99% of the company’s total share capital. This reduction plan will be implemented within three months after 15 trading days from the date of this announcement.

(Edited by Ren Shibi)

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