Yang cuts stake

Hong Kong-listed orchard-grower Euro-Asia Agricultural (Holdings) last night confirmed in an announcement that chairman Yang Bin had reduced his stake in the company to 51.63 per cent from 54 per cent. Mr Yang sold 39.39 million shares, or 2.37 per cent of Euro-Asia's existing capital base, at 41.6 HK cents per share, on Friday, according to the announcement.