Shengyi Technology Co LtdImpact on stocks 2
Shengyi Technology Co Ltd
Shengyi Electronics Co. Ltd. AThe top-performing LOF fund over the past year, Caitong Fuxin Regular Open Hybrid, will be suspended from trading for the entire day on Friday, marking its fifth full-day suspension since June. As of the close on July 9, the fund's secondary market trading price was significantly higher than its net asset value per share, with a premium of 31.73%. The net asset value per share that day was 10.7193 yuan, while the onshore closing price reached 14.121 yuan. Caitong Fund issued a notice reminding investors to pay attention to the premium risk, and stated that if the premium does not effectively decline, it has the right to take measures such as intraday temporary trading halts and extending the suspension period. The fund is currently in a closed period and does not handle subscriptions or redemptions, but off-exchange holders can transfer their shares to the onshore market for sale through cross-system transfer. Since June, the fund has issued a total of 49 premium risk warnings and 39 trading suspension announcements, yet market enthusiasm remains undiminished. The premium rate once peaked at 51.35%, and the price difference between the high and low over the past year exceeded eight times, with a cumulative increase of 820.79% over the period.
Shengyi Technology Co Ltd
Shengyi Electronics Co. Ltd. A