GEM (SHE:002340) plans to dispose of up to 5.5% of OKE Precision Cutting Tools (SHA:688308), according to a Shenzhen bourse filing on Tuesday.
The stake represents 8,732,993 shares.
The waste resource comprehensive utilization company currently owns 10.4%, or 16,523,500 shares, of OKE's total share capital.
GEM's shares rose 1%, while OKE's shares dropped by less than 6% during the morning trade.
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