Guangdong Saca Precision Manufacturing: Shareholders collectively reduce 160,000 shares

NBD AI Bulletin,Guangdong Saca Precision Manufacturing Co., Ltd. (the Company, SZ 300464, closing price: 14.49 yuan) announced on the evening of July 1 that it recently received a notification from shareholders Yiwang Zhongying, Guangfu Yunwang, Hengfu Zhiyuan and Zebao Caifu that their shareholding reduction plan is due. During the plan, they collectively reduced around 160,000 shares of the Company, accounting for 0.05% of the Company's total share capital. After the sell-off, each of them holds about 3.18 million shares of the Company, accounting for about 0.90% of the Company's total share capital respectively. 

NBD AI Review: The latest shareholding reduction announcement of Guangdong Saca Precision Manufacturing Co., Ltd. was issued on March 09, 2020 and its shares were up 0.48% on the following trading day. So far, the Company has issued four such announcements in the past 12 months.

According to the 2019 annual report, Guangdong Saca Precision Manufacturing Co., Ltd. mainly engages in cross-border e-commerce, construction and security metal products manufacturing, accounting for 81.1% and 18.19% of its revenue, respectively.

Guangdong Saca Precision Manufacturing Co., Ltd.'s chairman is Cai Gengxi, male, 55 years old, EMBA of Cheung Kong Graduate School of Business. Guangdong Saca Precision Manufacturing Co., Ltd.'s general manager is Chen Huiying, female, 52 years old, Chinese national, no permanent residence abroad, MBA.

(By Tan Yuhan)

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