The controlling shareholder of Chenxi Aviation, Xi'an Huiju Technology Co., Ltd., has completed its second share reduction plan this year, cashing out a total of approximately 157 million yuan. According to an announcement on August 10, Huiju Technology sold a combined 15.58 million shares through centralized bidding and block trades between May 8, 2026 and August 7, 2026, representing 2.83% of the total share capital. Based on the average selling price, the cash-out amounted to about 157 million yuan. This follows a previous cash-out of around 200 million yuan completed by Huiju Technology in March this year, bringing the total cashed out through two reductions this year to over 350 million yuan. The company reported net losses for both 2024 and 2025, with a net loss attributable to the parent company of 72.8812 million yuan in 2025, and a further loss of 10.6612 million yuan in the first quarter of 2026. As of August 10, Chenxi Aviation's share price had fallen more than 36% this year.
XiAn ChenXi Aviation Technology Corp LtdControlling shareholder reduced stake, cashing out over 150 million yuan, adding selling pressure.
As controlling shareholder, completed share reductions, realizing cash but signaling lack of confidence.
