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In light of the shortfall in public shareholding spread and as part of the rectification plan, the substantial shareholders and promoters, namely Go Yoong Chang and Tan Sun Sun had identified parties to transfer at least 8,900,000 shares to non-related persons by tranches to meet the shareholding spread via off market transfers.
Feytech main customer is Mazda and Kia car model which account up to 62％, BAUTO car sales drop will bring significant impact to 废铁 revenue and PAT under invasion of China brand car, think 3times before investing such stocks