Shareholders plan to reduce holdings, BLB hits the daily limit down, and has adjusted for 2 consecutive days

BLB's stock price has hit the daily limit down several times during the trading session, with a cumulative decline of over 15% over the past two days, currently reported at 10.93 yuan, with a total market value of 4.04 billion yuan. In terms of news, BLB announced a share reduction plan, stating that its shareholder Ningbo Bao Pu Fu Tong Asset Management Center intends to reduce its holdings by no more than 11.093 million shares, accounting for no more than 3% of the company's total share capital. BLB's Q1 2025 report shows that Bao Pu Fu Tong is the company's largest shareholder. Additionally, it is reported that the company has announced share reduction plans three times in the past three years