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Xinfengming's Five Shareholders to Trim Company Stake

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Textile materials manufacturer Xinfengming Group's (SHA:603225) five shareholders plan to reduce their shareholding, according to a Shanghai bourse filing on Wednesday.

Qu Fengqi, Tongxiang Zhongju Investment, Shen Jianyu, Yang Jianfei and Xu Jizhong will divest 1.9994%, 0.9997%, 0.1908%, 0.0715% and 0.0596% of the company's total shares, respectively.

Qu, Tongxiang Zhongju Investment, Shen, Yan and Xu currently owns 6.06%, 9.16%, 0.76%, 0.64% and 0.65%, respectively, of the company's total shares.

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