Xincheng Holdings: Controlling shareholder partially sells shares, accounting for 2.31% of total share capital.

date
10/04/2026
Xincheng Holdings announced that on April 9, 2026, the controlling shareholder Fuyu Development released the pledge of 52.13 million shares to Guotai Haitong Securities, accounting for 3.78% of its total shareholding and 2.31% of the company's total share capital. Fuyu Development holds 1.378 billion shares of the company, accounting for 61.09% of the total share capital. After this release of pledge, the cumulative pledged shares amount to 259.9255 million shares, representing 18.86% of its total shareholding. The released shares are planned to be used for subsequent pledges, and the company will disclose relevant information in a timely manner.