Nanjing Vishee Medical Technology (SHA:688580) said shareholder Zhida Venture plans to sell up to 2.9 million shares, or a 3% stake, according to a Monday filing.
The reduction will occur between Feb. 9 and May 8 via centralized bidding and block trades.
Zhida Venture holds a 7.06% stake in the rehabilitation medical equipment manufacturer.
Shares of Vishee Medical Technology were down 4% in recent trade.