A recent disclosure from the Hong Kong Stock Exchange reveals a notable transaction involving Asymchem Laboratories (Tianjin) Co., Ltd. (HKG: 6821). On August 24, Southern Fund Management Co., Ltd. reduced its holding in the company by selling 52,100 shares.

The shares were disposed of at an average price of HK$110.7716 per share, bringing the total transaction value to approximately HK$5.7712 million. Following this sale, the fund's remaining stake in Asymchem stands at 1.3744 million shares, which represents 4.94% of the company's total issued share capital.

This adjustment in shareholding brings Southern Fund's position below the 5% threshold, a level often closely monitored by market participants as it can signal a change in institutional investor sentiment. The transaction was executed on the main board of the Hong Kong Stock Exchange.