---
title: "Shareholders plan to reduce holdings, Red Avenue New Materials continues to drop over 6%, recording a three-day decline"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228513633.md"
description: "Red Avenue New Materials continued to decline by over 6%, with a three-day drop exceeding 10%, currently reported at 33.2 yuan, and the total market value falling below 20 billion yuan. In terms of news, last night Red Avenue New Materials announced a share reduction plan, stating that the shareholder Zhoushan Yutong Venture Capital Partnership intends to reduce its holdings by no more than 7.5 million shares, accounting for no more than 1.25% of the company's total share capital. Additionally, it is reported that the company has announced share reduction plans a total of 4 times in the past three years"
datetime: "2025-02-17T06:26:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228513633.md)
  - [en](https://longbridge.com/en/news/228513633.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228513633.md)
---

# Shareholders plan to reduce holdings, Red Avenue New Materials continues to drop over 6%, recording a three-day decline

Red Avenue New Materials continued to decline by over 6%, with a total drop of over 10% in three days, currently reported at 33.2 yuan, and the total market value has fallen below 20 billion yuan. In terms of news, last night Red Avenue New Materials announced a share reduction plan, stating that the shareholder Zhoushan Yutong Venture Capital Partnership intends to reduce its holdings by no more than 7.5 million shares, accounting for no more than 1.25% of the company's total share capital. Additionally, it is reported that the company has announced share reduction plans a total of 4 times in the past three years

### Related Stocks

- [603650.CN](https://longbridge.com/en/quote/603650.CN.md)

## Related News & Research

- [China's AMEC to Invest USD520 Million to Boost Chip Equipment Capacity at Lingang Plant](https://longbridge.com/en/news/296452430.md)
- [04:31 ETGovee Collaborates with Interior Designers to Showcase Smart Lighting as a New Element of Home Design](https://longbridge.com/en/news/296458067.md)
- [US Cocoa Futures (COCOA-F) Surges on Aug 19: Key Factors to Watch](https://longbridge.com/en/news/296344984.md)
- [09:15 ETSEC's Proposed E-Delivery Rule Signals a New Era in Customer Communications](https://longbridge.com/en/news/296361991.md)
- [08:18 ETLuminar Capital Closes $5 Million Senior Secured Credit Facility, Scalable to $15 Million](https://longbridge.com/en/news/296227261.md)