Pharmaron shares drop as major holders reduce stake

Pharmaron Beijing (SZSE:300759) announced that shareholders Shenzhen Sino-Trust Kangcheng Investment Partnership and Shenzhen Sino-Trust Longcheng Investment Partnership reduced their stake in the company, triggering a 1% disclosure threshold. The entities collectively decreased their holdings by 20,900,006 shares, representing 1.09% of Pharmaron's total equity. This change reduces their combined ownership from 17.09% to 16.00%. The share sale was consistent with a previously disclosed reduction plan.