Changxin Technology Surges 531.06% to RMB 3.7 Trillion, GigaDevice Falls 5.53%; Founder Zhu Yiming's Holdings
Changxin Technology's shares surged 531.06% in morning trade on July 27, pushing its market capitalization to RMB 3.7 trillion. Meanwhile, GigaDevice fell 5.53% after hitting the daily limit down during the session. Founder Zhu Yiming, who also founded GigaDevice, holds 2.38% of Changxin Technology and 5.13% of GigaDevice.
As of the morning close on July 27, Changxin Technology's share price rose 531.06%, bringing its market capitalization to RMB 3.7 trillion. GigaDevice once hit the daily limit down during the session and closed the morning session down 5.53%.
Zhu Yiming, founder and chairman of Changxin Technology, is also the founder of GigaDevice. He holds 1.592 billion shares of Changxin Technology, representing approximately 2.38% of the company's shares, and also holds 5.13% of GigaDevice's shares.