---
title: "Shareholders plan to reduce their holdings, Kaytune fell over 11%, recently retracing by 20%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225504123.md"
description: "Kaytune shares are currently down over 11%, having retreated 20% from their recent high, trading at 35.5 yuan, with a total market value of less than 3 billion yuan. Kaytune announced yesterday a share reduction plan, with shareholder Shanghai Chunrong Investment Center intending to reduce its holdings by no more than 1.6 million shares, accounting for no more than 2% of the company's total share capital. It is worth noting that this stock previously surged due to the popularity of Xiaohongshu concept stocks, recording consecutive 20% daily limit increases for 2 days, but has recently begun to gradually correct"
datetime: "2025-01-20T05:28:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225504123.md)
  - [en](https://longbridge.com/en/news/225504123.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225504123.md)
generator: "portal-rs"
---

# Shareholders plan to reduce their holdings, Kaytune fell over 11%, recently retracing by 20%

Kaytune shares are currently down over 11%, having retreated 20% from their recent high, trading at 35.5 yuan, with a total market value of less than 3 billion yuan. Kaytune announced yesterday a share reduction plan, with shareholder Shanghai Chunrong Investment Center intending to reduce its holdings by no more than 1.6 million shares, accounting for no more than 2% of the company's total share capital. It is worth noting that this stock previously surged due to the popularity of Xiaohongshu concept stocks, recording consecutive 20% daily limit increases for two days, but has recently begun to gradually correct

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**