Hainan Zhenghe Industrial Group (600759), a company engaged in commercial property operations, said its largest shareholder, Guangxi Zhenghe Industrial Group, had recently decreased its holdings in it by 1.23 percent, reports p5w.net, citing a company filing.
Guangxi Zhenghe Industrial Group sold 15 million shares of Hainan Zhenghe Industrial Group at 5.152 yuan per share.
Following the stake sale, Guangxi Zhenghe Industrial Group holds 936 million shares or a 76.66 percent stake, in Hainan Zhenghe Industrial Group to remain as the largest shareholder.
SOURCE: capitalvue.com
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