Shanghai Zhenhua Heavy Industry (SHA:600320, SHA:900947) plans to dispose its stake in two companies, according to a Shanghai Stock Exchange disclosure on Monday.
The Chinese port machinery manufacturer will divest 123,063,000 shares in China Railway Signal & Communication (SHA:688009, HKG:3969) and 8,401,800 shares in Jiangxi Huawu Brake (SHE:300095).
The disposal will be made through centralized bidding or block trading, the disclosure said.
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