Changjiu Shares (06959) soared more than 41% during trading hours, a sharp drop of 70% yesterday. As of press time, it rose 38.47% to HKD 49.85 with a turnover of 28.6886 million Hong Kong dollars.
According to the Zhitong Finance APP, Changjiu Shares (06959) surged more than 41% during trading hours, a sharp drop of 70% yesterday. It is worth noting that the stock has continued to rise since it went public on January 9 this year, and before the sharp drop yesterday, it had risen more than 16 times by the end of the article. As of press time, it rose 38.47% to HKD 49.85 with a turnover of 2868.86 million Hong Kong dollars.
On the news front, the Hong Kong Securities and Futures Commission recently announced that it had conducted an inquiry into the shareholding distribution of Changjiu Shares. The inquiry results showed that on June 3, the company had nine shareholders who jointly held 48.739 million shares of the company, equivalent to 24.11% of the company's issued share capital. The relevant shareholding, together with the 150 million shares held by the Chairman and CEO's family (accounting for 74.2% of the issued share capital), amounted to 98.31% of the company's issued share capital. According to Changjiu Shares' announcement, based on the available information and all reasonable inquiries made by the directors regarding the situation of shareholders, it was confirmed that as of June 3 and the date of the announcement, at least 25% of the issued share capital was held by the public, and the company has maintained sufficient public shareholding as required by the listing rules of the Stock Exchange. In addition, the company will greet the end of the first phase of the ban on sale on July 8. According to its previously published final offer price and placement announcement, the controlling shareholder of the company needs to ban the sale of 150 million shares, accounting for 74.2% of the total share capital, upon listing.
According to the announcement of Changjiu Co., Ltd., based on available information and all reasonable inquiries made by the directors, the directors confirmed that as of June 3 and the date of the announcement, at least 25% of the issued shares were held by the public, and the company has maintained a sufficient percentage of public shareholding as required by the Listing Rules of the Exchange. In addition, the company will end the first phase of the lock-up period on July 8. According to the final offer price and allotment announcement previously released by the company, the controlling shareholder of the company will have to lock up 150 million shares, accounting for 74.2% of the total share capital, when it goes public.