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A-Share Alert: Xinlong Holdings Drops Over 4%, Stock Price Hits New Six-Month Low
Gelonghui March 20 | Xinlong Holdings (000955.SZ) fell 4.12% to 4.89 yuan during today’s trading, hitting a nearly six-month low since September 25 of last year. Xinlong Holdings announced that the shareholder Hainan Zhuhua Science, Industry and Trade Co., Ltd., holding more than 5% of shares, plans to reduce its holdings by no more than 16.15 million shares, accounting for no more than 3% of the company’s total share capital, within three months after 15 trading days from the announcement, through centralized bidding and block trades. (Gelonghui)