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Tianyouwei Electronics Shareholder to Sell 597,437 Restricted Shares

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Heilongjiang Tianyouwei Electronics (SHA:603202) said 597,437 restricted shares held by Xirui Partnership, a person acting in concert with the controlling shareholder, will be sold via judicial sale after two failed auction attempts.

The shares represent 0.37% of total share capital and will be sold from June 19 to June 20, with a starting price of 45 million yuan, according to a Friday filing within the Shanghai bourse.

After the sale, the controlling shareholder group's stake would dip to 68.24% from 68.62%.

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