Sheen Tai Holdings (01335.HK) announced that the Sheen Tai Group held by Chairman Guo Yumin sold a total of 609 million shares of sales shares to Bao Heng Group, accounting for about 25% of the company's issued share capital, with a total consideration of 152 million yuan.
After completion, Sheen Tai, Guo Yumin and his spouse, as well as Executive Director Xia Yu, reduced their shareholding in the company from approximately 62.1% to 37.1% and continue to be the controlling shareholders of the company.