Baihehua announced that its controlling shareholder, Baihehua Holdings, has completed its share reduction plan, reducing a total of 4,163,600 shares at prices ranging from 65.01 yuan to 84.84 yuan per share, cashing out a total of approximately 288 million yuan. Since the start of this week, Baihehua's stock price has shown strong performance, hitting the daily limit up three times in the last four trading days as of Thursday, with a cumulative weekly gain exceeding 40%. The closing price on August 6 was 66.80 yuan per share, a cumulative increase of 42.74% from July 31. The company also issued a risk warning, noting that revenue from photoresist pigment sales accounts for only 0.084% of total operating revenue, and disclosed that Deputy General Manager Chen Weizhong, Wang Feng and his spouse Xie Shuwen, and the spouse of Director Chen Yannan, Zhang Xiaolin, plan to reduce their holdings through centralized bidding from August 14 to November 13, with a combined proposed reduction of no more than approximately 907,300 shares.
Lily Group Co LtdControlling shareholder completed share reduction, cashing out ~288 million yuan, and additional insiders plan to reduce holdings.
