Asia
Sinocelltech Shareholding Platforms to Reduce Stakes
Four Sinocelltech (SHA:688520) shareholding platforms will trim their stakes in the company by up to 4.4 million shares, equivalent to 0.94% of the entire shareholding of the biopharmaceutical company, according to a Monday filing with the Shanghai bourse.The share reduction will help the four entities meet their funding needs.Shenzhou Anyuan will trim up to 2.7 million shares, while Shenzhou Anheng will sell up to 1.5 million shares. Shenzhou Ancheng will divest up to 87,000 shares, while Shenzhou Anhong will reduce its stake by up to 114,600.
SHA:688520
