Citi: Montage Technology (06809.HK) founder-related shareholder reduction expected to have limited impact; reiterates "Buy" rating on A-shares (688008.SH)

Zhito Finance APP has learned that Citi issued a research report stating that WLT Partners, a shareholder related to the founder of Montage Technology (06809.HK), plans to sell up to 2.33 million A-shares, accounting for 0.19% of total share capital, in order to raise funds for an upcoming exercise of equity incentives requiring more than RMB 500 million. The bank expects the impact of this sale on the share price to be limited, and reiterates its "Buy" rating on Montage Technology's A-shares (688008.SH), with a target price of RMB 320.