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Feilong: Controlling shareholder cuts 0.9% stake amid abnormal share gains

Feilong Co. said its stock rose cumulatively 20.79% over two sessions, triggering abnormal volatility. Controlling shareholder Wanxi Holdings reduced 5.16 million shares, or 0.8979% of total capital, through Sept 3. The company attended broker strategy meetings in Shanghai Sept 1-3, and noted non-automotive revenue remains a small share of total.

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