36 billion “fruit chain” giant by major shareholders to reduce their holdings

On February 3, after-hours disclosure of block trading information showed that Lixun Precision (51.54-4.20%, the company’s controlling shareholder and concerted action holders suddenly carried out a holding reduction operation, cashing in over 7 billion yuan.

At the same Time, the company also disclosed the progress announcement of its latest foreign investment. The company and its wholly-owned subsidiary Lixun Precision Limited and Changshu Likai jointly invested in Rikai Computer, the amount is equivalent to the amount of this holding reduction.

On February 3, Lixun Precision closed down 4.2% at 52.54 yuan, with a full-day turnover of 4.5 billion yuan and a total market capitalization of 361.9 billion yuan. Since the U.S. 337 investigation on January 22, the company’s share price has fallen by more than 10% and the market value has evaporated by more than 40 billion yuan.

Lixun Precision’s controlling shareholder and its concerted action partner reduced its shareholding by 2%

On the evening of February 3, Lixun Precision released the “Announcement on the Proportion of Shareholdings of Controlling Shareholders and their Concerted Actors Reduced by More than 1%”, which showed that Lixun Limited and Mr. Wang Laisheng reduced their holdings of the company’s unlimited shares in circulation through the bulk trading system of Shenzhen Stock Exchange on February 3, 2021 by a total of 140 million shares, accounting for 2.00% of the total share capital of the company. Based on the share price of the reduction, approximately 7.2 billion yuan will be realized.

Lixun Precision said that the funds from the reduction will be mainly used for other industrial investment and partial repayment of Lixun Limited’s bank loans. At the same time, the controlling shareholder Lixun Limited promised not to sell the company’s shares through the securities trading system in the next twelve consecutive months after the completion of this reduction.

After this reduction, the shareholding ratio of Lixun Limited decreased from 40.87% to 38.9%, and the shareholding ratio of Vice Chairman Wang Laisheng decreased from 0.1% to 0.07%.

Specific transactions, February 3 after hours announced by the Shenzhen Stock Exchange Lixun precision bulk trading shows that the total transaction of 7.178 billion yuan, buyers and sellers are brokerage business departments, and the geographical distribution is obvious. CITIC Securities (27.97-0.67%, diagnosis) (06030) Guangzhou Linjiang Avenue business department sold 3.57 billion yuan, three business departments located in Shenzhen sold 3.6 billion yuan. On the buyer side, Changjiang Securities (7.49-1.71%,診股) Shanghai Dongming Road and other three business departments bought a total of 6.05 billion yuan, Shen Wan Hongyuan (4.73+0.42%,診股) (06806) Beijing Anding Road Securities Business Department bought 1.13 billion yuan.

On January 22, the U.S. International Trade Commission decided to launch a 337 investigation into Lixun Precision.

On January 25, after the stock market opened, Lixun Precision closed down 3.97% on the same day, and then maintained a shocking trend in the following days, as of the latest close at 51.54 yuan, has fallen by more than 10%, the market value evaporated 40 billion yuan.

Data show that as of January 29 this year, the number of shareholders of the company reached 387,700 .