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recently, the market has continued to rise, with the shanghai composite index breaking through multiple key integer marks in a row. the latest index stood at 3,300 points. market sentiment has increased significantly, and a-shares are "rising". although the a-share market is closed during the national day holiday, hong kong and us stocks continue to trade, and chinese assets continue to surge.

at the same time, shareholders of listed companies frequently make plans to reduce their holdings. on the evening of october 7, several companies including beijing new construction building materials, yuheng pharmaceutical, china electronics port, china merchants highway, tbea and zhiwei intelligence disclosed their shareholder holding reduction plans.

many listed companies disclose shareholding reduction plans

on the last day before the national day, many listed companies disclosed plans to reduce shareholder holdings, including some well-known institutions.

on the evening of october 7, electronic components distributor china electronics port disclosed a shareholding reduction announcement. the national integrated circuit fund plans to reduce its holdings by no more than 1.9531 million shares through centralized bidding transactions, accounting for 0.257% of the company's total share capital. the shareholder china venture capital fund plans to reduce its holdings by no more than 1.3021 million shares through centralized bidding and block trading, accounting for 0.1713% of the company's total share capital. shareholders clp kunrun fund and clp development fund plan to reduce their holdings by a total of no more than 1.8313 million shares through centralized bidding transactions, accounting for 0.241% of the company's total share capital.

the national integrated circuit fund and the national venture capital fund hold 10.6317% and 7.0878% of the company's total equity respectively. china electronics kunrun fund and china electronics development fund, acting in concert, collectively hold 9.969% of the company's total equity. as the original shareholder of the company before the ipo, the overall shareholding reduction ratio is relatively small. china electronics port company will be listed in april 2023, and the above-mentioned shares will begin to be lifted from the sales restriction period in april this year. the above-mentioned shareholders stated that the reason for reducing their holdings was their own operating capital needs.

china merchants highway announced that the company’s shareholder taikang life insurance plans to reduce its holdings of the company’s shares by no more than 27.2813 million shares through block transactions within 90 consecutive days after 15 trading days from the date of the announcement of the shareholding reduction plan, accounting for 0.4% of the company’s total share capital.

taikang life’s shares in the company account for 5.38% of the company’s total equity. the reason for the reduction is based on its asset allocation needs and related investment decisions. the source of the reduction is the shares acquired before the company’s initial public offering. china merchants highway's stock price has risen continuously in the past four years, with a continuous increase of more than 30% in the past two years. the company's latest stock price is near the historical high.

it is not difficult to find that the shares reduced by shareholders of china electronics port and china merchants highway were all shares obtained before the initial public offering.

most individual shareholders reduced their holdings

in addition, most shareholders who reduce their holdings in companies are individual shareholders, most of whom are company executives or actual controllers.

beijing new construction building materials announced that the company's major shareholder and vice chairman jia tongchun and its concerted persons, gf asset management shen xinli no. 22 and gf asset management shen xinli no. 24, hold a total of 86.073 million shares of the company, accounting for 5.09% of the total share capital. it is planned to reduce its holdings by a total of no more than 3.5 million shares, accounting for 0.21% of the total share capital, through centralized bidding and block trading within three months after 15 trading days from the date of disclosure of the shareholding reduction plan.

tbea stated that the company’s directors and deputy general managers hu nan, hu youcheng and wu wei plan to reduce their total holdings by no more than 669,000 shares through centralized bidding within 3 months after 15 trading days from the date of the announcement, accounting for 0.01324% of the company’s total share capital.

yuheng pharmaceutical announced that the company's director wang dongxu plans to reduce its holdings of 210,000 shares of the company through centralized bidding within three months of 15 trading days from the date of the announcement, accounting for 0.0092% of the company's total shares.

zhiwei intelligence announced that the company’s director and deputy general manager tu youdong, deputy general manager liu dike, deputy general manager xu lizhao, deputy general manager zhai rongxuan, board secretary zhang xinyuan, and supervisor liu manling hold a total of 420,500 shares of the company, accounting for approximately 0.1676 of the company’s total share capital. %, and plans to reduce the total number of company shares to no more than 105,100 shares, accounting for approximately 0.0419% of the company’s total share capital.

executives of beijing new construction building materials co., ltd., tbea, yuheng pharmaceuticals and zhiwei intelligentsia reduced their shareholdings in a relatively small proportion. some of the shares that were reduced were mainly from shares of restricted stock granted under the post-listing equity incentive plan or purchased in the secondary market.

some market analysts speculate that the a-share market has performed poorly and the stock price has been sluggish. some executives acquired early equity holdings at a high cost and suffered long-term losses. the a-share market has rebounded recently, and individual shareholders have a strong desire to reduce their holdings.

mingpu optoelectronics announced that due to its own capital needs, the company's controlling shareholder yang xianjin plans to transfer and reduce the number of company shares to no more than 11.8 million shares, accounting for 5.01% of the company's total share capital, all of which are shares held before the initial public offering and listing. and shares transferred after listing. before this reduction, yang xianxian held 32.49% of the company's total share capital.

on the same day, mingpu opto-magnetic also announced the completion of the executive shareholding reduction plan. on june 26 this year, the company’s director yang xianyong, director and deputy general manager yang zhong, and senior managers yang xunwen, qian yinbo, and chen cong disclosed their shareholding reduction plan, with a total of no more than 217,500 shares, accounting for 0.09% of the company’s total share capital.

shareholders gathered at high positions to reduce their holdings

recently, the a-share market has rebounded sharply, and some shareholders who had earlier disclosed plans to reduce their holdings have gathered to reduce their holdings. since september 24, more than a dozen companies have announced the results of shareholder reductions, and many of them have chosen to reduce their holdings at a high level when the market rebounded at the end of september.

changxin technology disclosed a shareholding reduction announcement on september 5, 2024. the company's shareholder xinjiang runfeng plans to reduce the company's shares through centralized bidding transactions within 3 months after 15 trading days from the date of the pre-disclosure announcement on the shareholding reduction. more than 9.63 million shares, which is no more than 0.4% of the current total share capital of changxin technology. on september 30, 2024, the company received the "letter of completion of the implementation of the share reduction plan" issued by xinjiang runfeng. the xinjiang runfeng share reduction plan was completed on september 30, and the reduction speed was relatively fast. on the day of the reduction, changxin technology closed up 17.65%, and the latest stock price was a recent high.

quectel disclosed that the chongyang strategic juzhi fund managed by the company's shareholder shanghai chongyang strategic investment co., ltd. reduced its holdings of 1.2824 million shares of the company's unrestricted tradable shares on september 26, 2024, accounting for 0.4847% of the company's total share capital.

rongsheng environmental protection announced that the company's actual controller feng ronghua reduced its holdings of "rong 23 convertible bonds" by a total of 660,000 units through centralized bidding transactions from september 26, 2024 to september 30, 2024, accounting for 10% of the issuance of convertible bonds. 11.46% of the total.

wanfeng aowei also announced that the company's shareholder centennial life will reduce its holdings of 21.2329 million shares of the company through centralized bidding transactions from august 2, 2024 to september 27, 2024, accounting for 1% of the company's total share capital. the source is obtained from centralized bidding transactions in the secondary market.

haichuan intelligent disclosed that the company’s director zheng yiduan reduced his holdings by 1.7999 million shares from august 30 to september 27, accounting for 0.9237% of the company’s total share capital.

weixing intelligent disclosed the "pre-disclosure announcement on the reduction of shareholdings by controlling shareholders and actual controllers" on august 15, 2024. huang wenqian, the controlling shareholder, actual controller and chairman of the company who holds 17.27% of the company's shares, plans to reduce his holdings. within 3 months after 15 trading days from the date of the pre-disclosure announcement, 1.99% of the company's shares will be reduced through block transactions. from september 24th to 26th, huang wenqian completed the reduction of the above-mentioned shares through block transactions in three days.

although shareholders of listed companies frequently reduce their holdings of shares, this has not had a major impact on stock prices. the stock prices of many of the above-mentioned companies have continued to rise sharply in line with the market recently.