CHS’ Chinese investor sells some more

A company run by Chinese investor Tianqiao Chen last week sold another big chunk of its shares of Community Health Systems, continuing the trimming it started last fall.

Shanda Asset Management Holdings on Thursday and Friday unloaded more than 1.7 million for a total of $15.1 million. The transactions cut Shanda’s stake in Franklin-based CHS to 7.1 percent, down from 24 percent last fall before the firm started selling.