Victory Giant Technology's actual controller Chen Tao transferred 39% of his stake in Shenghua Xinye and 35% of his stake in Hongda Investment to his spouse Liu Chunlan. After the equity restructuring, Chen Tao and Liu Chunlan will hold 51% and 49% of Shenghua Xinye respectively, and each will hold 35% of Hongda Investment. The company said the move is an internal adjustment within the actual controller's family and will not lead to a change in controlling shareholder or actual controller, but the market still speculated it may involve divorce. On August 28, the stock closed down 8.15%. Victory Giant Technology mainly produces automotive powertrain pumps and motor control products. Its share price has risen more than 580% cumulatively in 2025, briefly touching 402 yuan per share in the first half of this year, and falling back to around 240 yuan per share by the close on August 28. The company disclosed its 2026 interim report last night, with first-half revenue of 11.629 billion yuan, up 28.77% year-on-year, and net profit attributable to the parent of 2.857 billion yuan, up 33.30% year-on-year.
Victory Giant Technology Huizhou Co LtdActual controller transfers stake to spouse, market speculates divorce, stock drops 8.15%
