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Sanjiang Shopping: Alizetai plans to reduce its stake in the company by no more than 2%
People’s Finance Network, April 1 — Sansheng Shopping (601116) announced on April 1 that the second-largest shareholder, Hangzhou Alibaba Zhaitai Information Technology Co., Ltd. (hereinafter “Alibaba Zhaitai”), holding 27% of the shares, plans to reduce its holdings of the company’s shares by no more than 10.9536 million shares through centralized bidding and block trades, i.e., no more than 2% of the company’s total share capital.