Global investor KKR, which owns 11.14% of Fujian Sunner, plans to cut a further 6% stake in the Chinese broiler integrator over the next six months. KKR has just completed a 5% sale of Sunner at an average price of CNY24.50-27.36 per share. The investor subscribed 200 million shares of Sunner in 2015 at CNY12.3 per share, and the shares unlocked in May 2018 after a three-year period. When the share prices rose to a double level in April this year, KKR began to reduce its holdings to partially realize its return on investment.
