CHENGDU, Dec. 2 (NBD) -- Shareholders of Sky Dragon Group (300063) unloaded their shares in the past two weeks. The largest shareholder Feng Yi and the second largest shareholder Cheng Yu are also in the list.

The website of Shenzhen Stock Exchange (SZSE) shows that Sky Dragon Group is frequently seen on the bulk trading platform in recent days. 32,628,500 shares in total are unloaded until Thursday, accounting for 11.3% of the total, which equals 1.106 billion RMB (159.8 million USD).

SZSE has noticed those moves. On November 22, it issued a query letter to Sky Dragon Group. The major concern is whether the high-yield dividend stock plan intends to facilitate large shareholders unload their shares through manipulating share prices.

Sky Dragon Group denied the posibility and claimed that the major reasons are money shortage of individuals and the company as well.