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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.