Galaxy Electronics: Controlling Shareholder Does Not Reduce Company Shares and Terminates Share Reduction Plan in Advance
Galaxy Electronics announced that its controlling shareholder, Galaxy Electronics Group Investment Co., Ltd., has decided to terminate its plan to reduce its stake in the company. The shareholder had originally intended to sell no more than 0.81% of the company's shares but has not sold any and has now withdrawn the plan. Separately, Shenzhen Zhenye A plans to sell five properties in Shenzhen through public listing, with a total reserve price of 150 million yuan, to revitalize assets and improve efficiency. AI