---
title: "MustangBattery fell to the daily limit in the afternoon, and the actual controller plans to reduce its holdings in the company by no more than 3% of the shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/255893213.md"
description: "MustangBattery fell to the daily limit in the afternoon, with a stock price of 25.56 yuan and a total market value of 6.68 billion yuan. The company announced that the actual controller and executives plan to reduce their holdings due to personal funding needs. Chairman Chen Yijun plans to reduce his holdings by no more than 1.95 million shares (0.75%), General Manager Richard Yu plans to reduce his holdings by no more than 3.92 million shares (1.5%), and Vice General Manager Chen Kejun plans to reduce his holdings by no more than 1.95 million shares (0.75%)"
datetime: "2025-09-04T06:19:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255893213.md)
  - [en](https://longbridge.com/en/news/255893213.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255893213.md)
---

# MustangBattery fell to the daily limit in the afternoon, and the actual controller plans to reduce its holdings in the company by no more than 3% of the shares

MustangBattery hit the daily limit down in the afternoon, reporting a price of 25.56 yuan and a total market value of 6.68 billion yuan. MustangBattery announced that the company's actual controller and chairman Chen Yijun, actual controller, director, and general manager Yu Gufeng, and actual controller, director, and deputy general manager Chen Kejun plan to reduce their holdings in the company due to personal funding needs through centralized bidding and block trading. Among them, Chen Yijun plans to reduce his holdings by no more than 1.95 million shares, accounting for 0.75% of the total share capital; Yu Gufeng plans to reduce his holdings by no more than 3.92 million shares, accounting for 1.5% of the total share capital; Chen Kejun plans to reduce his holdings by no more than 1.95 million shares, accounting for 0.75% of the total share capital

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