SHA:603690

2 stories mentioning SHA:603690Updated 41d ago

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PNC Process Systems Controlling Shareholders Offload Shares

PNC Process Systems (SHA:603690) said controlling shareholder Jiang Yuan and concert party Lu Longying completed their planned share reductions.Jiang offloaded 1.6 million shares, or 0.43% of total equity, for 48.0 million yuan, while Lu offloaded 7.8 million shares, or 2.04%, for 215.2 million yuan, according to a Friday filing with the Shanghai bourse.Shares of the semiconductor device manufacturer closed 3% higher Friday.

SHA:603690

Asia46d ago

PNC Process Systems' Controllers Dispose of Company Stake; Shares Up 5%

PNC Process Systems' (SHA:603690) actual controllers divested a total of 2.24% stake in the company, according to a Monday disclosure on the Shanghai bourse.Jiang Yuan, also the controlling shareholder, and Lu Longying, the person acting in concert with the controller, offloaded 8.6 million shares through centralized bidding and block trades.The transaction brought down Jiang's and Lu's shareholding with Gongqingcheng Shangchun Technology Industry Investment Partnership (Limited Partnership) to 25.23% from 27.47%.The Chinese semiconductor device manufacturer's shares jumped 5% during the morning trade.

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