CITIC Guoan Information Industry (SHE:000839) plans to reduce its 1% holdings in Hubei Broadcasting and Television Information Network, according to a Shenzhen bourse filing on Friday.
The stake represented 11,371,400 shares.
CITIC Guoan currently owns 5.71% of the media broadcasting company, which represents 64,907,505 shares.
The computer network infrastructure and information service provider's shares dropped less than 7% during the afternoon trade.
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