Shenda Shares announced that the 212,765,957 restricted shares issued to a specific investor in 2022 will become tradable on July 28, 2026. The shares were fully subscribed in cash by Shanghai Textile Group, with the issuance price corresponding to total proceeds of approximately 600 million yuan. These shares have been locked up for 36 months since July 27, 2023, and the lockup period has now expired. Following the release, the company's restricted shares will decrease by 212,765,957, while unrestricted shares will increase accordingly, with total share capital remaining unchanged.
Shanghai Shenda Co LtdLockup expiry of 213 million restricted shares (36% of total) will increase tradable supply, likely pressuring share price.