Shenzhen United Winners Laser's (SHA:688518) actual controller plans to reduce his shareholding in the company, according to a Shanghai bourse filing on Tuesday.
Niu Zengqiang will divest up to 3 million shares, or 0.88% of the company's total share capital, through centralized bidding and block trading within three months.
Niu currently holds 12,926,646 shares, or 3.79% of the company's total share capital, the Chinese welding and soldering equipment products manufacturer said.
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