Shanghai Electric Power's (SHA:600021) deputy general manager plans to trim his holdings in the company to fund personal needs, according to a Shanghai bourse filing on Saturday.
The power company's shares slipped 1% at the close of Monday's trade.
Tian Jiandong will offload 14,000 shares, or 0.000496% of the company's total shareholding, between June 8 and Sept. 7.
Tian currently owns 56,100 shares, or 0.002% of the company's total share capital.
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