A shareholder of Shenke Slide Bearing (SHE:002633) reduced holdings of up to 2.98% in the company, according to a Shenzhen bourse filing on Wednesday.
Shandong Yicheng Yigou Technology offloaded 4,469,500 shares for an average price of 11.53 yuan per share through centralized bidding and 11.70 yuan per share block trades.
After the transaction, Yicheng Yigou's stake in the power generation bearing manufacturer decreased to 10.2% from 13.2%, the filing said.
The company's shares closed over 3% higher.
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