Asia
GuoChuang Software Controlling Shareholder to Sell 5% Stake for 409 Million Yuan; Shares Fall 5%
GuoChuang Software (SHE:300520) controlling shareholder Hefei Guochuang will transfer 14.6 million shares, or 5% of total share capital, to Zhide Longteng's private fund for 28.00 yuan per share, totaling 409.1 million yuan.The transfer will not change the company's control structure, according to a Thursday filing with the Shenzhen bourse.Shares of the software developer were down 5% in recent trade.
SHE:300520
