Hong Kong stock exchange filings reveal that on September 1, Fosun International Limited reduced its holding in CQRC BANK (03618) by 2.592 million shares, at an average price of HK$6.4909 per share, for a total transaction value of approximately HK$16.82 million.
Following the disposal, the conglomerate's remaining stake stands at 249.2 million shares, which corresponds to a 9.92% ownership interest in the lender.
The transaction also lists other connected parties, including Guo Guanchang and Fosun International Holdings Ltd.
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