What happened
According to information from the Hong Kong Stock Exchange, Harvest International Capital lowered its shareholding in the H-shares of Yangtze Optical Fibre and Cable (YOFC) on September 22.
The stake was reduced from 6.40% to 4.87%.
The disclosure was reported by Cailianshe and published by East Money Information.
Why it matters
A drop below the 5% threshold typically means the investor is no longer required to disclose further changes in its holding under Hong Kong's disclosure rules, so this may be the last public update on Harvest International Capital's position for now.
The reduction could signal a shift in the investor's view of YOFC, though the source material does not state a reason for the sale.
Key facts
Harvest International Capital's stake in YOFC H-shares fell from 6.40% to 4.87% on September 22.
The change was disclosed via the Hong Kong Stock Exchange.
The source of the information is Cailianshe, as published by East Money Information.
What to watch next
Whether Harvest International Capital continues to reduce its holding below the current level, and whether other major shareholders adjust their positions in YOFC.
Any further disclosures from the Hong Kong Stock Exchange regarding YOFC's shareholder structure.
