Homey Group plans to cut stake in Shandong Homey Aquatic Development

Shandong Homey Aquatic Development Co., Ltd.'s controlling shareholder, Homey Group Co., Ltd., plans to reduce its stake in the company by up to 2.7% of the total share capital, or a maximum of 39,446,846 shares. This reduction, set to occur between December 4, 2025, and March 4, 2026, will be executed through both block trades and centralized bidding.

Homey Group currently holds 573,470,990 shares, representing 39.25% of the company's total share capital. A significant portion of these holdings, 345,741,400 shares, are pledged. This accounts for 60.29% of its total shares held and 23.66% of the company's total share capital.

The shares proposed for reduction were acquired through stock dividends and capital increases. Homey Group stated that the primary reason for this share reduction is to meet its own operational funding requirements. The execution of the plan may be subject to market conditions and stock price fluctuations.