King Long Motor shareholder completes partial equity reduction

Fujian Investment Development Group, a major shareholder in Xiamen King Long Motor Group (SSE:600686), has completed a partial reduction of its shareholding through concentrated bidding. The share reduction, initially announced on November 8, 2024, saw the investment group sell 1,830,000 shares, representing approximately 0.26% of King Long Motor's total share capital. The transactions occurred between November 29, 2024, and February 28, 2025, with share prices ranging from 15.47 to 16.89 RMB per share, generating a total of 29,716,342 RMB. Following the reduction, Fujian Investment Development Group now holds 73,927,575 shares, representing 10.31% of the company's total equity. The shareholder's stake remains above 5%.