Major Shareholder Reduces Stake in China Financial

China Financial Services Holdings Limited (HK:0605) has released an update.

China Financial Services Holdings Limited has announced that China United SME Guarantee Corporation, a substantial shareholder, sold off 20 million shares, approximately 9.56% of the company, thus ceasing to be a major shareholder. The transaction, which took place on the open market, is not expected to materially impact the group’s business operations. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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