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Fenda Technology controlling shareholder cuts stake to repay debt

July 16, 2025 at 01:50 PM UTCBy FilingReader AI

Fenda Technology's controlling shareholder Xiao Fen transferred 24.8m shares to Shenzhen Guarantee Group for 120m yuan to fully repay stock pledge financing debt.

The transfer reduced his stake from 13.44% to 12.06%, though he remains controlling shareholder. Shenzhen Guarantee Group cannot sell the acquired shares for six months.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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