Montage Technology (688008.SH): WLT Partners, L.P. Plans to Reduce Holdings by No More Than 0.19%
Stock News
Sep 24
Montage Technology (688008.SH) has issued an announcement stating that the company recently received a "Notification Letter Regarding the Share Reduction Plan" from WLT Partners, L.P.
Due to the funding needs of its limited partners for exercising equity incentives, WLT Partners, L.P. intends to reduce its holdings of the company's shares through centralized bidding transactions by a total of no more than 2.33 million shares, representing no more than 0.19% of the company's total share capital.
The reduction plan is scheduled to be carried out within 3 months starting from November 2, 2026, and the reduction price will be determined based on market prices.
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