A shares, and large-scale reductions are also exposed from time to time. However, it is rare for listed companies to collectively predict "clearing up" the reduction of holdings in advance during the restricted period.
htmlOn September 10, this ChiNext listed company, named Yaguang Technology (300123) , just doubled its stock price, began to hit the limit shortly after the opening, and the decline was still locked at 20% at the close!
1
25% of the stake in
not long ago, it doubled its big bull stocks
On the evening of September 9, Yaguang Technology announced that the company's controlling shareholder Sunbird Holdings, shareholder Jiaxing Ruilian, shareholder Tiantong Holdings, shareholder Haolan Ruidong and its joint actor Haolan Tiema plan to reduce their holdings by no more than 25.08% of the shares in total.
According to the company announcement
Among them, the controlling shareholder Sunbird Holdings plans to reduce its holdings by 32.23 million shares, not more than the company's total share capital 3% ; Jiaxing Ruilian plans to reduce its holdings by 97.28 million shares, not more than the company's total share capital 9.66% ; Tiantong Holdings plans to reduce its holdings by 69.49 million shares, not more than the company's total share capital 6.90% ; Haolan Ruidong and its joint actor Haolan Tiema plan to reduce its holdings by 55.59 million shares, accounting for 25.52% of the company's total share capital.
In other words, if the share reduction plans of several major shareholders are completed, one-quarter of the company's shares will be transferred.
Not only that, except for the company's controlling shareholder, the other four shareholders all reduced their holdings in a "clearance-style" manner, and they are still in the restricted period. They must wait until after the ban is lifted on October 23 before the transfer can be carried out.
Such an eager attitude to prepare for clearance also scared the market, making the company another 20% stock hit the limit after the wide rise and fall of the GEM.
On September 10, Yaguang Technology opened and hit the limit shortly after it opened, closing at 16.80 yuan per share.
It is worth noting that just one month ago, Yaguang Technology was still a "big bull stock" that just doubled its stock price: has been rising 112.85% from early July to August 10, and it once surged to 26.13 yuan per share, and this year it has risen by more than 220%, attracting the attention of countless market people.
But at the moment, the most confused one is perhaps the nearly 60,000 investors in yaguang technology . They are very good "big stocks", but suddenly there is a huge reduction in holdings, and suddenly it has a 20% limit down... What do these major shareholders want to do? Are you planning to sell the company?
2
What is the reason for the large wave of share reduction?
Regarding the reasons for the reduction of holdings by major shareholders, Yaguang Technology also gave a certain explanation in the announcement.
Among them, the reason why Jiaxing Ruilian plans to reduce its holdings is the fund's own fund arrangements, and the reason why Sunbird Holdings, Tiantong Holdings, Haolan Ruidong and Haolan Iron Horse plans to reduce their holdings is the company's development needs.
brief explanation is probably: I want to cash out.
In fact, according to reports three years ago, the controlling shareholder of the listed company Sunbird at that time, joined forces with several institutions to share with another listed company Tiantong Co., Ltd. , successfully acquired Yaguang Electronics "with small profits" and changed its stock abbreviation from Sunbird to Yaguang Technology in January 2018.
The shares that several major shareholders intend to reduce their holdings this time came from the group merger and acquisition three years ago. It was not until October 23 this year that the promised three-year lock-up period was finally lifted.
According to the company announcement
There are also news that Yaguang Technology showed such a large reduction ratio in one go this time in order to coordinate and avoid "scattered" reduction announcements. The price is "fair and reasonable" for each investor, and it also facilitates the unified introduction of new strategic investors. In fact, the other four shareholders who reduced their holdings this time are financial investors without directors.
Therefore, as many investors have speculated: some shareholders of 's clearance and reduction of holdings this time, as simple financial investors, did not intend to "want a company", but to "reduce holdings in listing". Therefore, the lifting period is approaching, and the stock price has been rising sharply and doubling recently, and it is not surprising that it intends to cash out and leave the market in the end.
also analyzed that after reduces its holdings by 3%, the shareholding ratio of the company's controlling shareholder will drop to about 20%, lower than the 25% stake in collectively reduced , which means that the situation of new investors who take over this share reduction in the future will likely have a considerable unknown impact on the company.
In any case, October 23 is the "out of the cage day" for huge reductions. Investors holding this stock need to prepare early.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-