Tongxingbao, Yongxi Electronics Face A-Share Lockup Expiry Worth RMB52.21 Million on Aug 7
On August 7, restricted shares at Tongxingbao and Yongxi Electronics were unlocked, releasing a combined 3.6377 million shares valued at RMB52.21 million based on latest closing prices. Tongxingbao accounted for 3.4377 million shares worth RMB39.09 million, while Yongxi Electronics accounted for 200,000 shares worth RMB13.12 million. The unlocked stakes represented 0.59% and 0.04% of the two companies' total share capital, respectively.
On Friday, August 7, two companies on the A-share market had restricted shares released from lockup, with a combined release volume of 3.6377 million shares. Based on the latest closing prices, the total market value of these shares was RMB52.2051 million.
By release volume, Tongxingbao unlocked 3.4377 million shares and Yongxi Electronics unlocked 200,000 shares. By market value, Tongxingbao's release was worth RMB39.0871 million, while Yongxi Electronics' release was worth RMB13.118 million.
In terms of the unlocked shares as a proportion of total share capital, Tongxingbao's release accounted for 0.59% and Yongxi Electronics' release accounted for 0.04%.