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Ligeance Aerospace Technology Shareholder to Stell Stake in Company

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Ligeance Aerospace Technology (SHE:000697) shareholder Shenwan Lingxin Fund Management looks to raise 128.8 million yuan from the sale of 12.1 million shares in the company to Sichuan Development Leading Capital Management, according to a Thursday filing with the Shenzhen bourse.

Sichuan Development Leading Capital Management is a party acting in concert with the controlling shareholder of the aviation products manufacturer.

Leading Capital will purchase the shares at 10.63 yuan apiece.

The shares are equivalent to a 0.87% stake.

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