Lingyi iTech controlling shareholder cuts convertible bond stake

Lingyi iTech's controlling shareholder Lingsheng Investment has sold 6.8 million convertible bonds through block trades, reducing its stake from 61.11% to 29.30% of total issuance.

The transactions included 1.98 million shares sold via block trades on August 5 and August 11, representing 9.27% of the total convertible bond issuance.