Hongfa Technology (SHA:600885) said its controlling shareholder, Youge Venture Investment, completed the share transfer of 5% of its stake after registering the changes, according to a Shanghai bourse filing on Tuesday.
The Chinese electrical equipment manufacturer's shares rose 2% during the afternoon trade.
In April, Youge Venture transferred 773,800,000 shares to Xiamen Zhengyue Yufa Enterprise Management Partnership (Limited Partnership) for 1.78 billion yuan.
The share transfer was registered with the China Securities Depository and Clearing.
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