CSM to sell A-shares in 8 firms to meet requirements

China Science and Merchants move to boost private equity business

Chinese leading private equity firm China Science and Merchants Capital Management Ltd said it is selling shares in eight A-share listed companies this year, to meet regulatory requirements and expand private equity business.

According to a statement from the CSM Group, the firm will decrease its shares in Changzhou Tiansheng New Materials Co Ltd. It decreased shares in seven other A-share listed companies in January, including Dalian Sunasia Tourism Holding Co Ltd, Beijing Soft Rock Investment Group Corp and Shahe Industrial Co Ltd.