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Desay SV Automotive Shareholder Ends Share Reduction Plan Early

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Huizhou Desay SV Automotive (SHE:002920) shareholder Huizhou Innovation Investment terminated its share reduction plan early, according to a Tuesday filing with the Shenzhen bourse.

Back in May, the shareholder intended to reduce its holdings by up to 17.9 million shares, equivalent to 3% of the total stock, the filing said.

Huizhou Innovation Investment did not actually reduce its share count during the period.

Shares of the automotive electronics manufacturer fell nearly 2% during the afternoon session on Tuesday.

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