Controlling shareholder Dongguan Weitu Investment Management Partnership trimmed its stake in Guangdong Cellwise Microelectronics (SHA:688325) to 15.3% from 20.4% under a share transfer agreement.
Peng Hairong acquired the 4.4 million unrestricted tradable shares for 395.7 million yuan, according to a Friday disclosure on the Shanghai bourse.
The Chinese analog chip manufacturer's shares rose 2% at the close.