Veken Technology Ltd – Shareholder Reduction Announcement and Market Context

Veken Technology Ltd. (Shanghai Stock Exchange: 600152) disclosed that its significant shareholder, Ning Bó Industrial Investment Co., Ltd., intends to reduce its stake by up to 0.9999 % of the company’s issued share capital. The planned reduction, executed through a consolidated auction, involves a maximum of 5,290,793 shares, or 529.08 million shares, representing approximately 0.9999 % of the total share base. The sale period is scheduled from December 9, 2025, to March 8, 2026.

Shareholder Profile

  • Ning Bó Industrial Investment Co., Ltd. holds 30.3947 million shares (5.74 % of issued capital).
  • Its affiliated entity, Ning Bó Industrial Investment Group Co., Ltd., holds an additional 1.7007 million shares (0.32 %).
  • Together, the two entities own 32.0954 million shares (6.06 % of issued capital).

The shares to be sold were acquired before the company’s IPO, and the reduction is described as a routine funding arrangement that does not alter the company’s control structure.

Market Reaction

  • Following the announcement, the share price remained within a narrow trading band, reflecting limited immediate impact.
  • The market’s response has been muted, with no significant volatility observed in the days after the disclosure.

Company Context

Veken Technology operates in the Electrical Equipment sector, specializing in the development and manufacturing of new‑energy lithium batteries, including polymer lithium and aluminum‑shell variants. The company also offers cell manufacturing, packaging, and system‑integration services. Key facts include:

  • Sector & Industry: Industrials → Electrical Equipment
  • Primary Exchange: Shanghai Stock Exchange (CNY)
  • Market Capitalisation: 4.32 billion CNY
  • P/E Ratio: –51.49 (reflecting negative earnings)
  • Recent Performance: On 13 November 2025, the closing price was 8.16 CNY, near a 52‑week low of 4.60 CNY but below the 52‑week high of 8.65 CNY.

Strategic Implications

The shareholder reduction is unlikely to disrupt Veken’s operational strategy or its growth trajectory in the new‑energy battery market. The company continues to pursue innovation in battery chemistry and system integration, positioning itself amid rising demand for electric‑vehicle and energy‑storage solutions.

Conclusion

While the reduction of approximately 0.9999 % of shares by a key shareholder may draw attention, it represents a routine capital‑management move rather than a signal of distress or strategic shift. Investors will likely continue to monitor Veken Technology’s performance in the context of broader industrial trends and its ongoing commitment to advancing lithium‑battery technology.