Xiamen Jihong's (SHE:002803, HKG:2603) chairman, Wang Yapeng, plans to reduce his holdings to fund personal needs, according to a Shenzhen bourse disclosure on Tuesday.
Wang will offload 3,040,000 shares, or 0.67% of the company's current total share capital, within three months.
Currenlty, Wang owns 452,679,288 shares, or 2.69% of the Chinese packaging and marketing services provider's total share capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.