AVIT Ltd300264
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Termination of private placement and weak Q1 results signal financial strain.
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AVIT LtdAVIT Controlling Shareholder Chen Kunjiang Terminates Private Placement
Corporate Action
AVIT's controlling shareholder, actual controller, and chairman Chen Kunjiang has terminated his plan to subscribe for shares issued by the company in cash. The company said that after considering the current market environment changes, the subscriber Chen Kunjiang's own funding arrangements, and the company's actual situation, and following full communication with all relevant parties and prudent analysis and deliberation, it decided to terminate this non-public share offering. In the first quarter of 2026, AVIT achieved revenue of 18.38 million yuan and a net loss attributable to the parent company of 3.98 million yuan.
AVIT LtdTermination of private placement and weak Q1 results signal financial strain.