Huajin International Holdings (02738.HK) controlling shareholder intends to reduce a total of 174 million issued shares of the company.

Zhito Finance APP News: Huajin International Holdings (02738.HK) announced that the Board was informed by Mr. Xu Songqing (Mr. Xu), an executive director, chairman of the Board, and controlling shareholder of the Company, that on September 14, 2026, Haiyi Limited (Haiyi), the controlling shareholder of the Company and indirectly wholly owned by Mr. Xu, conducted an off-market placing through a placing agent to sell a total of 174 million issued shares of the Company (the Shares) (the Disposal) to several placees, representing approximately 29.00% of the total issued share capital of the Company as at the date of this announcement, at an average selling price of approximately HK$0.038 per Share.