Changes in Hong Kong stocks | Longyi Aviation Technology (00918) rose more than 5% to be sold by shareholder Zhang Jinbing for 300 million shares

The Zhitong Finance App learned that Dragon Wing Aviation Technology (00918) rose by more than 5%. As of press release, it had risen 5.99% to HK$1.77, with a turnover of HK$11.157,800.

According to the news, on July 16, Dragon Wing Aviation Technology announced that the board of directors of the company was notified by Always Profit Development Limited (the seller, a company wholly owned by Mr. Zhang Jinbing) that it had concluded a share sale agreement on July 16, 2026 (before the trading period). According to the agreement, the seller agreed to sell 300 million common shares of the Company to SBI CHINA FUND LP (buyer). These shares account for approximately 26.93% of the total issued share capital of the Company on the date of this announcement, at a price of HK$1 for each share sold.

According to the announcement, immediately before the sale was completed, the seller held 527 million shares of the Company, accounting for 48.43% of the total issued share capital of the Company, and was the controlling shareholder of the Company (see Listing Rules for definition). Assuming that there is no change in the number of shares issued by the Company before the sale is completed, the number of shares of the Company held by the seller will be reduced to 227 million shares, accounting for 20.40% of the Company's total issued share capital.