November 2 -- Property developer Shanghai Lian Hua Fibre Corporation (600617.SH,RCode:900913:) said shareholder Jiangsu Jianfeng Engineering Monitoring reduced its shareholding by 1.25 percent on October 31, reports yicai.com, citing a company filing.

Through the end of September, Jiangsu Jianfeng was the company's second-largest shareholder.

Following the stake disposal, Jiangsu Jianfeng has a 10.93 percent stake in the Shanghai-based company.

In addition, C.F.O. Hu Dong, and director Zhang Yun resigned due to personal reasons.