Nationstar Major Shareholder Sells Shares in Company

Chinese LED manufacturer Nationstar Chairman of the Supervisory Juyi Tsai has further sold his shares in the company.

Nationstar announced Tuesday, Tsai had sold a total of 3.45 million company shares on China’s Shenzhen Stock Exchange from Dec. 31 to Jan. 27, equivalent to 0.80% stake in the company.

After the recent sales, Tsai’s total shares in the company dropped from 23 million to 19.55 million shares, or from 5.35% stake in the company to 4.55%. The top three company shareholders including Tsai, company Chairman Yaohao Wang, and Vice Chairman of the Board Binhai Yu’s, total stake in the company has dipped below 15% to 14.26%.

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