Canlon shares drop as major shareholders reduce stake

Jiangsu Canlon Building Materials (SZSE:300715) disclosed that shareholders Lu Lijun and Li Quanying have collectively reduced their stake in the company, triggering a reporting requirement. Between December 26, 2024 and the present date, the pair decreased their holdings by a total of 1,526,200 shares, representing 0.41% of Canlon's total share capital after excluding shares in the repurchase account. Lu Lijun reduced her holding by 1,379,600 shares, while Li Quanying divested 146,600 shares. Following these transactions, Lu Lijun's stake stands at 6.98% with 25,852,400 shares and Li Quanying has zero share holding. The total combined holding of Lu Lijun and Li Quanying now sits at 6.98%, reduced from 7.39%. The share sales were conducted through centralized trading.