PNC Process Systems Controlling Shareholders Offload Shares

MT Newswires Live

06/26

PNC Process Systems (SHA:603690) said controlling shareholder Jiang Yuan and concert party Lu Longying completed their planned share reductions.

Jiang offloaded 1.6 million shares, or 0.43% of total equity, for 48.0 million yuan, while Lu offloaded 7.8 million shares, or 2.04%, for 215.2 million yuan, according to a Friday filing with the Shanghai bourse.

Shares of the semiconductor device manufacturer closed 3% higher Friday.

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