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JPT Opto-Electronics' Two Shareholders to Trim Stake

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Shenzhen JPT Opto-Electronics (SHA:688025) two shareholders plan to trim their stake in the company, according to a Shanghai bourse filing on Saturday.

The Chinese laser equipment maker's shares closed 7% lower on Monday.

Xiamen Tongju Tongyuan Consulting Management Partnership (Limited Partnership) plans to offload 950,000 shares, or 1% of the company's total shares. Meanwhile, Vice Chairman Liu Jian will divest 500,000 shares, or 0.53%.

The shares will be offloaded through centralized bidding or block trades within three months.

Currently, Xiamen Tongju owns 12,477,042 shares, or 13.13% of the company's total share capital, while Liu holds 2,590,198 shares, or 2.73%.

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