Jintai Feng International Holdings (09689.HK): Controlling shareholder intends to reduce holdings by up to 120 million shares.

Zhitong Finance APP News, Jintai Feng International Holdings (09689.HK) announced that its controlling shareholder, Xingming Limited, has entered into a placing agreement with a placing agent on October 30, 2026, to sell through the placing agent up to 120 million existing shares of the company at HK$0.6231 per placing share. The placing period will commence from the date of the placing agreement and must be completed no later than December 30, 2026.