Shareholder Shanghai Huaxin plans to reduce its stake in FORTIOR (01304) by no more than approximately 3.45 million shares.

Smart Finance APP news, FORTIOR (01304) announced that, based on its own capital needs, shareholder Shanghai Huaxin intends to reduce its holdings by no more than approximately 3.45 million shares through centralized bidding or block trading, which is not more than 3.00% of the total share capital of the company. The reduction period will be within three months after fifteen trading days from the date of this announcement.