---
title: "Shareholders plan to reduce holdings, MGL New Materials' decline expands to over 9%, hitting a new low for the month"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242519020.md"
description: "MGL New Materials' decline has expanded to over 9%, reporting a new monthly low of 17.82 yuan, with a total market value of 8.2 billion yuan. In terms of news, MGL New Materials announced a share reduction plan, with shareholders Qiongqingcheng Purun Lifan Investment Partnership, Lu Chunquan, Yancheng New Lithium Cheng Technology Co., Ltd., and Lianyungang Honglai Enterprise Management Partnership planning to reduce their holdings by no more than 22,980,800 shares, accounting for no more than 5% of the company's total share capital. Additionally, it is reported that the company has cumulatively announced share reduction plans twice in the past three years"
datetime: "2025-05-30T06:29:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242519020.md)
  - [en](https://longbridge.com/en/news/242519020.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242519020.md)
---

# Shareholders plan to reduce holdings, MGL New Materials' decline expands to over 9%, hitting a new low for the month

MGL New Materials' decline has expanded to over 9%, reporting a new monthly low of 17.82 yuan, with a total market value of 8.2 billion yuan. In terms of news, MGL New Materials announced a share reduction plan, with shareholders including Qiongqing Cheng Purun Lifan Investment Partnership, Lu Chunquan, Yancheng New Lithium Technology Co., Ltd., and Lianyungang Honglai Enterprise Management Partnership planning to reduce their holdings by no more than 22.9808 million shares, accounting for no more than 5% of the company's total share capital. Additionally, it is reported that the company has cumulatively announced share reduction plans twice in the past three years

### Related Stocks

- [301487.CN](https://longbridge.com/en/quote/301487.CN.md)
- [601008.CN](https://longbridge.com/en/quote/601008.CN.md)

## Related News & Research

- ["The Inflationary Penny Is Dropping": Speculators Are Jettisoning Treasuries As Yields Climb](https://longbridge.com/en/news/286772609.md)
- [Stocks Mixed as Crude Oil Prices and Bond Yields Fall](https://longbridge.com/en/news/286785122.md)
- [EU REACHES PROVISIONAL AGREEMENT ON LEGISATION RELATED TO EU-US TRADE DEAL- CYPRUS PRESIDENCY OF THE COUNCIL OF THE EU 2026 (](https://longbridge.com/en/news/286984525.md)
- [Bond yields look attractive but might stay volatile](https://longbridge.com/en/news/286892571.md)
- [Chile President José Antonio Kast has appointed Martín Arrau as security minister.](https://longbridge.com/en/news/286984046.md)