November 4 – Lida Optical and Electronic (Rcode:002189:), Gansu Duyiwei Biological Pharmaceutical (Rcode:002219:), and Chengdu Westone Information Industry (Rcode:002268:) filed that their shares were cut or will be cut by shareholders, reports yicai.com, citing company filings.

South Industrial Asset Management (SIAM), the majority shareholder of Lida Optical, sold 1.21 million shares, or a 0.61-percent interest, at an average price of 14.02 yuan per share between September 5 and November 2. The sale makes SIAM the second-largest shareholder, with an 11-percent interest.

China South Industries Group Corporation, parent of SIAM, directly controls Lida Optical with a 49.99-percent stake.

Jue Wenbiao, controlling shareholder of Duiyiwei Pharmaceutical, will sell a five to 10 percent interest in the company over the next six months.

By the end of the third quarter, Jue had 246 million shares, representing a 65.95-percent interest.

Chengdu Xinxing Venture Investment Limited sold 7.7 million shares, a five percent interest, of Westone Information Industry between December 15 2010 and November 2 2011 at an average per-share price of 22.03 yuan. Following the sale, the shareholder’s holding was reduced from 21.36 percent to 16.37 percent and currently holds some 28.27 million shares.

Source:CapitalVue