Phoenix Shipping: Shareholder reduces stake by 1%

Phoenix Shipping (SZSE:000520) announced that shareholder Hua Yuan International Land Port Group reduced its stake in the company by 1% through centralized competitive bidding. The reduction occurred between June 10, 2025, and June 18, 2025, with a total of 10,120,796 shares sold. Following the transaction, Hua Yuan International's holdings decreased from 6.92% to 5.92% of the total share capital. This reduction is part of a previously disclosed share reduction plan, announced on April 28, 2025, with the potential for further reductions. Phoenix Shipping affirmed that the current reduction aligns with the previously announced plans and that Hua Yuan International will continue to fulfill its information disclosure obligations.