---
title: "YCNE's major shareholder Kaifeng Faitou has completed the reduction of 18.5 million shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/231195485.md"
description: "According to the Zhitong Finance APP, YCNE announced that its shareholder holding more than 5%, Kaifeng Development Investment Group Co., Ltd. (referred to as \"Kaifeng Fato\"), has reduced its holdings by 18.5 million shares through centralized bidding, accounting for 0.99% of the company's total share capital. The share reduction plan has been completed"
datetime: "2025-03-10T09:49:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/231195485.md)
  - [en](https://longbridge.com/en/news/231195485.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/231195485.md)
---

# YCNE's major shareholder Kaifeng Faitou has completed the reduction of 18.5 million shares

According to the Zhitong Finance APP, YCNE (300080.SZ) announced that its shareholder holding more than 5%, Kaifeng Development Investment Group Co., Ltd. (referred to as "Kaifeng Investment"), has reduced its holdings by 18.5 million shares through centralized bidding, accounting for 0.99% of the company's total share capital. The share reduction plan has been completed

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