---
title: "Bailong Chuangyuan: Qingdao Kaijin and its concerted parties have cumulatively reduced their holdings in the company by 4.95%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/246043878.md"
description: "According to the announcement from Bailong Chuangyuan, on June 25, 2025, the company received a \"Notice of Share Reduction Results\" issued by Qingdao Kaijin and its concerted parties Jiaxing Kaijin and Guo Enyuan. As of June 25, 2025, the time period for this share reduction has expired. During the reduction period, Qingdao Kaijin and its concerted parties Jiaxing Kaijin have cumulatively reduced their holdings in the company by 16.928 million shares, accounting for 4.95% of the company's total share capital"
datetime: "2025-06-25T08:59:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/246043878.md)
  - [en](https://longbridge.com/en/news/246043878.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/246043878.md)
---

# Bailong Chuangyuan: Qingdao Kaijin and its concerted parties have cumulatively reduced their holdings in the company by 4.95%

According to the Zhitong Finance APP, Bailong Chuangyuan (605016.SH) announced that on June 25, 2025, the company received a "Notice of Share Reduction Results" issued by Qingdao Kaijin and its concerted parties Jiaxing Kaijin and Guo Enyuan. As of June 25, 2025, the reduction period has expired. During the reduction period, Qingdao Kaijin and its concerted party Jiaxing Kaijin cumulatively reduced their holdings of the company's shares by 16.928 million shares, accounting for 4.95% of the company's total share capital

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