Xinxing Equipment (002933) announced that three stakeholders plan to reduce their holdings within three months. Shareholder Dai Yue intends to sell up to 3.5205 million shares (3.00% of total equity), while shareholder Zhang Jin plans to divest up to 961,600 shares (0.82%). Supervisor Chen Yu will reduce holdings by a maximum of 29,200 shares (0.02%). All transactions will be conducted through centralized bidding or block trades.
The company attributed all three divestments to personal financial needs, with no changes to corporate control anticipated. Dai Yue’s reduction represents the most substantial potential impact given its 3% stake, though the staggered timeline and varied methods (bidding/trades) may mitigate market pressure.
Xinxing emphasized that the reductions comply with relevant regulations regarding disclosure and trading restrictions for major shareholders and corporate insiders. The announcement noted the actual implementation would depend on market conditions, introducing some uncertainty about final execution volumes.
Collectively, the planned sales represent 3.84% of outstanding shares, with Dai Yue’s portion constituting the majority. Market analysts suggest the relatively small scale of Zhang Jin and Chen Yu’s planned reductions likely won’t significantly impact liquidity, though Dai Yue’s larger position may warrant closer monitoring during the implementation period.
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