Hangzhou Bank (600926.SH) announced that China Life Insurance (Group) Company intends to reduce its shareholding in the lender. The divestment will commence three trading days following the disclosure date and span a three-month window. China Life may dispose of up to 50.7894 million shares through either centralized bidding or block trading mechanisms. This potential sell-off represents no more than 0.7% of the bank’s total ordinary shares outstanding. The planned reduction follows standard market protocols without citing specific motivations for the move.
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