Bohai Ferry director plans share reduction

Bohai Ferry Group (SSE: 603167) announced that Director and General Manager Yu Xinjiang plans to reduce his holdings in the company via centralized bidding. Yu currently holds 1,352,000 shares, representing 0.29% of the total share capital. The proposed reduction involves selling no more than 338,000 shares, equivalent to 0.072% of the total share capital. The reduction will occur within a three-month period, beginning 15 trading days after the announcement date, and ending June 18, 2025. The price will be determined by prevailing market conditions at the time of the sale. The company stated that the director's share reduction is due to personal funding needs.