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GUO XIN ENERGY: Shareholder Hong Zhan Real Estate Proposes to Reduce Holdings Not Exceeding 2.0734% of Company Shares
People’s Financial News, March 13 — Guo New Energy (600617) announced on March 13 that shareholder Taiyuan Hongzhan Real Estate Development Co., Ltd. (referred to as “Hongzhan Real Estate”), which holds 9.2067% of the shares, plans to reduce its holdings by no more than 10 million shares through centralized bidding and by no more than 30 million shares through block trades, totaling no more than 2.0734% of the company’s total share capital.