---
title: "Some shareholders of MGL New Materials plan to reduce their holdings by a total of no more than 5%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242400312.md"
description: "MGL New Materials announced that some shareholders holding more than 5% of the shares plan to reduce their holdings by no more than 5% in total over the next three months. Beijing Yindi Investment and its concerted parties plan to reduce their holdings by no more than 4.5962 million shares and 6.8942 million shares through centralized bidding and block trading, accounting for 1% and 1.5% of the total share capital, respectively. Lu Chunquan and his concerted parties also plan to reduce the same number of shares in the same manner"
datetime: "2025-05-29T12:16:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242400312.md)
  - [en](https://longbridge.com/en/news/242400312.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242400312.md)
---

# Some shareholders of MGL New Materials plan to reduce their holdings by a total of no more than 5%

According to the Zhitong Finance APP, MGL New Materials (301487.SZ) announced that its shareholders holding more than 5% of the company's shares, Beijing Yindi Investment Co., Ltd. and its concerted parties Lianyungang Honglai Enterprise Management Partnership (Limited Partnership) and Yancheng New Lithium Technology Co., Ltd. plan to reduce their holdings of the company's shares by no more than 4.5962 million shares (accounting for 1% of the company's total share capital) through centralized bidding within three months after 15 trading days from the date of this announcement, and to reduce their holdings by no more than 6.8942 million shares (accounting for 1.5% of the company's total share capital) through block trading.

Shareholder Lu Chunquan and his concerted party, Qiongqing City Purun Lifan Investment Partnership (Limited Partnership), holding more than 5% of the shares, plan to reduce their holdings of the company's shares by no more than 4.5962 million shares (accounting for 1% of the company's total share capital) through centralized bidding within three months after 15 trading days from the date of this announcement, and to reduce their holdings by no more than 6.8942 million shares (accounting for 1.5% of the company's total share capital) through block trading

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