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Wafer Works' Major Shareholder to Further Reduce Company Stake

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Wafer Works' (Shanghai) (SHA:688584) major shareholder will further trim its stake in the company, according to a Shanghai bourse filing on Friday.

Henan Xinggang Rongchuang Venture Capital Development Fund (Limited Partnership) plans to offload 6,691,953 shares, or 1% of the semiconductor silicon wafer manufacturer's total shares, between Oct. 12, 2026 and Jan. 9, 2027 through centralized bidding.

Xinggang Rongchuang currently owns 185,390,780 shares, or 27.7% of the company's total share capital.

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