BUZZ-ASR Microelectronics falls as key shareholder completes share reduction plan** Shares of ASR Microelectronics 688220.SS slip 3.1% to 80.4 yuan, after key shareholder trims stake in the company
** The Chinese chip maker said its key shareholder Alibaba (China) Technology had completed its share reduction plan, reducing an aggregate of 12.55 mln shares, or 3% stake, through block trade and bidding
** Alibaba (China) Technology now holds 12.4333% of ASR following the reduction
** YTD, ASR stock up 48.7%, benchmark CSI 300 Index .CSI300 up 15.7%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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