ChinaA restructured developer paid 520 million yuan for a chip plant.
Yingxin Development’s controlling shareholder has pledged 74.74% of its stake, a company filing shows.
Nine-month profit of 65 million yuan rests on 386 million yuan of asset-sale gains, and excluding one-offs it lost 352 million yuan.
The company says it has received no plan from the shareholder to sell.
About 1.2 billion shares, worth 3.3 billion yuan at Wednesday’s close, unlock in January 2027.
How each outlet framed it
- TMTPost leans critical
- questions whether Yingxin's controlling shareholder can hold control, citing 74.74% share pledge ratio and the January 2027 lock-up expiry
Sources: TMTPost