Fute Technology's major shareholder plans to reduce stake by no more than 2.894%

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Summary · why it matters

Fute Technology announced on October 9 that its major shareholder holding 7.3644%, Hubei Yangtze NIO New Energy Investment Management Co., Ltd. – Hubei Yangtze NIO New Energy Industry Development Fund Partnership, plans to reduce its holdings by no more than 6.7757 million shares through centralized bidding or block trading, representing 2.894% of the company's total share capital.

Impact on assets 1

Others▼
Zhejiang EV-Tech Co.,Ltd.
301607
▼ NegativeCapitalrelevance

Major shareholder plans to reduce its stake by up to 2.894% of Fute Technology's total share capital, a negative capital/ownership event.

Off-coverage companies 2

湖北长江蔚来新能源产业发展基金合伙企业（有限合伙）i
Private± MixedCapitalrelevance

The fund is the major shareholder planning to reduce its stake, but the article does not state the impact on the fund itself.

湖北长江蔚来新能源投资管理有限公司i
Private± MixedCapitalrelevance

Named as the manager of the fund that plans to reduce its stake; no direct impact on this entity is described.