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机会难得 精准“逃顶”?时隔十年宏达高科减持海宁皮城|速读公告

Rare opportunity for precise "top escaping"? After ten years, hongda high-tech holding reduces shareholding in haining china leather market | Quick announcement reading.

cls.cn ·  Nov 27 08:11

Hongda high-tech holding sold 11.15 million shares of haining china leather market, with a transaction amount of 71.65 million yuan. The company holds a total of 30.3 million shares of haining china leather market, which were obtained before its initial public offering. These shares were released from restrictions and became tradable in 2014, which has now been ten years. Recently, haining china leather market has shown abnormal stock price movements, with five price limits from November 15 to 21, and a rapid decline from November 25 to 27, closing at 4.88 yuan today.

When facing thousands of listed company announcements every day, which ones should you read? What are the key points to take away from the dozens or hundreds of pages of material announcements? Are the many professional terms in the announcements bullish or bearish? Check out Caixin's "Quick Read Announcement" column, where our reporters across the country will provide you with accurate, fast and professional interpretations on the night of the announcement.

Cailian Press reported on November 27 (Reporter Chen Kang) that after ten years, Hongda high-tech holding (002144.SZ) decided to seize the market opportunity to sell part of its shares in haining china leather market (002344.SZ). This evening, the company announced that as of the announcement date, it sold a total of 11.15 million shares of haining china leather market through centralized bidding, with an average transaction price of 6.43 yuan per share and a transaction amount of 71.6589 million yuan (after deducting stamp duty and transaction commission).

Before this shareholding reduction, the company held a total of 30.3 million shares of haining china leather market, accounting for 2.36% of the total share capital of haining china leather market. These shares were acquired before the initial public offering and became tradable on January 27, 2014.

Haining china leather market went public on January 26, 2010, with an issuance price of 20 yuan per share. Its stock price was 14.80 yuan per share on January 30, 2014, and reached an all-time high of 30.99 yuan per share in June 2015. As of today, haining china leather market's closing price is 4.88 yuan per share.

Although the announcement’s phrase 'seize market opportunity' seems quite straightforward, judging by the recent stock price of haining china leather market, the timing chosen by Hongda high-tech holding also appears to be quite accurate. On the evening of November 14, haining china leather market announced a change in its controlling shareholder, with state-owned equity transferred to Chao Sheng Chan Tou Group without compensation. During the five trading days from November 15 to 21, the company’s stock price experienced five price limits, closing at 6.34 yuan per share on November 21, and further increasing by 4.1% to close at 6.6 yuan on November 22.

However, from November 25 to 27, the company's stock price continued to decline, with a cumulative deviation in closing price dropping by more than 20% over three consecutive trading days. Thus, it can be inferred that Hongda high-tech holding's shareholding reduction occurred between last Friday (the 22nd) and this Monday (the 25th), which some investors referred to as 'precise top escape.'

Additionally, the 71.6589 million yuan obtained from this share sale is quite substantial compared to Hongda high-tech holding's net income over the years. In 2022 and 2023, Hongda high-tech holding's net income was 79.68 million and 82.25 million respectively, and the net income for the first three quarters of this year was 65.53 million.

According to the announcement, this reduction in shareholding accounts for 0.87% of the total share capital of haining china leather market. After this reduction, the company still holds 19.15 million shares of haining china leather market, accounting for 1.49% of the company's total share capital.

hongda high-tech holding stated that the funds obtained from this trade will mainly be used for the company's operation development and external investment funding needs, providing financial support for the long-term global strategy of the company's dual-main business development in fabric weaving and medical instruments, aligning with the company's strategic development needs.

The translation is provided by third-party software.


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