Sichuan Jiuyuan Yinhai Software.(SHE:002777) said its two largest shareholders are planning to sell some of their stakes, totaling 25%, in the company.
Jiuyuan Group plans to sell 17.16% of the company, while Ruifeng Group intends to offload another 7.84%, according to a Wednesday filing with the Shenzhen bourse.
Both sellers are wholly state-owned units of the China Academy of Engineering Physics.
Shares of the software developer jumped 10% in recent trade.
Electronics Mart India (NSE:EMIL, BOM:543626) began the commercial operations of a new multi-brand store, named BAJAJ ELECTRONICS, on Tuesday in Pallakol, Andhra Pradesh, India, according to a same-day filing.Shares of the company rose nearly 3% in Wednesday's trade.
Race Eco Chain (NSE:RACE, BOM:537785) said its subsidiary Ganesha Recycling Chain invested 20 million rupees in GEM Polymers, a step-down subsidiary of the company, according to a Tuesday filing on Indian bourses.Shares of Race Eco Chain fell nearly 3% in Wednesday's trade.As part of the investment, Ganesha Recycling Chain has received 200,000 shares, or a 49% stake, in GEM Polymers.
Pharscin Pharmaceutical's (SHE:002907) Ganjie Bingmei Tablets completed the domestic drug manufacturing filing process with China's National Medical Products Administration, according to a Shenzhen bourse filing on Wednesday.The drug is used to treat dry throat, sore throat, hoarseness and pharyngeal mucosal congestion.The Chinese pharmaceutical company's shares slipped 1% at the close.