ELEPHANT HLDGS's controlling shareholder Yongxu further sold 115 million shares of the company
ELEPHANT HLDGS announced that its controlling shareholder, Yongxu, plans to sell 115 million shares through the Hong Kong Stock Exchange from September 24, 2025, to October 27, 2025. After this sale, Yongxu will hold 168 million shares, accounting for 35% of the issued shares
According to the announcement from Dolphin Research, ELEPHANT HLDGS (08635) stated that the board has been notified by Yongxu (wholly owned by executive director Ms. Di Xiaoguang; and is the controlling shareholder of the company) that from September 24, 2025, to October 27, 2025, Yongxu will further sell a total of 115 million shares through on-market transactions on the Hong Kong Stock Exchange (the second sale).
Immediately before the second sale, Yongxu held 283 million shares, accounting for approximately 59.06% of the issued shares. After the second sale and as of the date of this announcement, Yongxu holds 168 million shares, accounting for 35% of the issued shares, and remains the controlling shareholder of the company
