M&G Stationery shareholders reduce stake to 65%

Shanghai M&G Stationery's major shareholders reduced their combined stake from 67.84% to 65%, crossing a 5% disclosure threshold.

The reduction from 624.1 million shares to 598.6 million shares resulted from active share sales, restricted stock grants, and share buybacks. Despite the stake reduction, the company's controlling shareholder and actual controller remain unchanged.