---
title: "Red Avenue New Materials: Yutong Investment plans to reduce its holdings by no more than 2.17%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/255779862.md"
description: "According to the Zhitong Finance APP, Red Avenue New Materials announced that due to the shareholder's own funding needs, Yutong Investment plans to reduce its holdings by a total of no more than 13 million shares through centralized bidding and/or block trading, which is no more than 2.17% of the company's total share capital"
datetime: "2025-09-03T11:47:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255779862.md)
  - [en](https://longbridge.com/en/news/255779862.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255779862.md)
---

# Red Avenue New Materials: Yutong Investment plans to reduce its holdings by no more than 2.17%

According to the announcement from Zhitong Finance APP, Red Avenue New Materials (603650.SH) stated that due to the shareholder's own funding needs, Yutong Investment plans to reduce its holdings by a total of no more than 13 million shares through centralized bidding and/or block trading, which does not exceed 2.17% of the company's total share capital

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