Keyuan Pharma fell over 10% as shareholder Wen Zehong plans to reduce holdings by no more than 3% of the company's shares
Keyuan Pharma is currently down 10.44%, trading at 31.57 yuan, with a transaction volume of 260 million yuan and a latest market value of 3.4 billion yuan. Keyuan Pharma announced that its shareholder Wen Zehong plans to reduce his holdings in the company by no more than 3,248,700 shares through centralized bidding and block trading, accounting for 3% of the company's total share capital. The reduction period is within three months after the fifteenth trading day from the date of the announcement
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