Genvict Tech announced that its controlling shareholder Minxing Electronics released the pledge on 6.67 million shares it held, accounting for 21.79% of its holdings and 3.77% of the company's total share capital, while simultaneously re-pledging the same number of shares. As of the announcement date, Minxing Electronics and its concert parties had cumulatively pledged shares representing 47.61% of their holdings and 10.14% of the company's total share capital. In the first quarter of 2026, Genvict Tech achieved revenue of 102 million yuan and a net loss attributable to the parent company of 25.22 million yuan.
Shenzhen Genvict Technologies Co LtdControlling shareholder re-pledges 6.67 million shares, increasing total pledged shares to 47.61% of holdings, indicating financial strain; company also reports net loss of 25.22 million yuan in Q1 2026.
As controlling shareholder, Minxing Electronics re-pledges shares, signaling potential liquidity issues.