Property company Hainan Zhenghe Industrial Group’s (600759) largest shareholder, Guangxi Zhenghe Industrial Group, cut its holdings in the company by 34 million shares or a 2.79 percent stake, during the November 29, 2010 to March 1, 2011 period, reports, citing a group filing.

Guangxi Zhenghe holds 901 million shares of Zhenghe Industrial after the share sale, accounting for a 73.88 percent stake. 

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