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Bonree Data's Three Shareholders to Divest Company Stake

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Bonree Data Technology's (SHA:688229) three shareholders plan to reduce their holdings in the company due to funding needs, according to a Shanghai bourse filing on Saturday.

The Chinese information technology services provider's shares jumped 9% at the close of midday trade.

Shanghai Yuanheng Lihui Consulting Management Center (Limited Partnership) plans to offload about 0.99%, or 440,000 shares, while individual investors Meng Xidong will trim 1.80%, or 800,000 shares, and Feng Yunbiao will divest 2.36%, or 1,050,000 shares in the company.

The share disposal will be implemented between June 23 and Sept. 22.

Yuanheng Lihui currently owns 3% of the company, while Meng and Feng holds 8.35% and 10%, respectively, of the company's total share capital.

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