---
title: "Skychem Technology: Ruixing Phase II plans to reduce its holdings by no more than 3% of shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240698082.md"
description: "According to the announcement from Skychem Technology, the company received a notice from shareholder RuiXing Phase II regarding the shareholder's reduction plan on May 16, 2025. Due to the shareholder's own funding needs, RuiXing Phase II plans to reduce its holdings of the company's shares by no more than 2.5187 million shares through block trading and centralized bidding from May 23, 2025, to August 20, 2025, accounting for no more than 3% of the company's total share capital"
datetime: "2025-05-18T07:53:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240698082.md)
  - [en](https://longbridge.com/en/news/240698082.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240698082.md)
---

# Skychem Technology: Ruixing Phase II plans to reduce its holdings by no more than 3% of shares

According to the announcement from Skychem Technology (688603.SH), on May 16, 2025, the company received a "Notice of Shareholder Reduction Plan" from its shareholder, RuiXing Phase II. Due to the shareholder's own funding needs, RuiXing Phase II plans to reduce its holdings of the company's shares by no more than 2.5187 million shares through block trading and centralized bidding from May 23, 2025, to August 20, 2025, accounting for no more than 3% of the company's total share capital

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