-- Tianjin Construction Development's (HKG:2515) controlling shareholder Wang Wenbin plan to sell up to nearly 72 million shares in the firm through his holding company, Shengyuan Group Holdings (Tianjin), according to a Tuesday Hong Kong bourse filing.
The shares, to be disposed of through block trading, representing roughly 27.8% of the construction services firm's issued share capital.
Following the proposed disposal, if fully undertaken, Wang will beneficially own 85.5 million, or 33.02%, shares in the company and remain as one of its controlling shareholders.