New York, June 2, 2026, 12:08 (EDT)
Decent Holding Inc. shares jumped, more than doubling on Tuesday after a U.S. securities filing showed Chairman Dingxin Sun picked up new Class B shares, tightening his voting control at the China-based wastewater treatment firm.
The stock, which trades on Nasdaq, was last seen at $4.14, gaining some 159% from Monday’s $1.60 close. Shares changed hands between $2.79 and $5.33 so far, with volume around 57.2 million.
This move stands out since it wasn’t a sector surge or a reaction to earnings. It was about control and hit a small, jumpy name. Benzinga said the stock had lost roughly 95% in the last year and finished Monday near its 52-week low.
Sun picked up 400,000 Class B ordinary shares from Decent at $2 apiece, according to a Form 6-K filed by the company. The deal was completed on June 1. After the purchase, Sun holds 321,040 Class A shares and 600,000 Class B shares, either held directly or through Decent Limited. That works out to about 90.5% of the total voting power.
Sun’s subscription letter said he planned to “subscribe for 400,000 class B ordinary shares” at $2 each, paying $800,000 in total. The filing didn’t mention any strategic reason for the buy.
Decent’s setup gives a lot of sway to Class B shares, with each one worth 20 votes against one vote for every Class A share. The company allows Class B shares to switch to Class A, but not the other way around.
Decent, set up in the Cayman Islands, operates in China via Shandong Dingxin Ecology Environmental Co. The company handles industrial wastewater treatment, river restoration, water quality management and makes microbial products for water quality and pollution removal.
Decent’s latest yearly numbers gave a thin look at operations. Revenue for fiscal 2025 was up 12.2% to $12.9 million, but the company swung to a net loss of $322,202. Sun said in March that “gross profit margin moderated” as lower-margin service projects became a bigger part of the revenue mix. GlobeNewswire
The stock moved higher while bigger environmental services and water stocks lagged. Waste Management was off by about 0.8%. Republic Services lost about 0.4%. American Water Works dropped close to 0.2% at the same time in the U.S. session.
But the rally isn’t all good news. Decent flagged in an offering document that Sun’s tight grip on voting power could let him steer things like mergers, board votes, and big shareholder moves. The company also said that level of control could push down the price of the Class A shares.
Volatility isn’t new for the stock. Back in March, Decent did a 1-for-25 reverse stock split, aiming to bump up its share price. The company said shares would start trading post-split on Nasdaq on March 16.
Right now, traders are looking at the chairman’s $2 purchase price as a reference. The focus turns to whether the stock sticks above that $2 subscription level after the first burst of trading slows. There’s also interest in whether Decent will say more about raising $800,000 from its chairman at this point.
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