A-Share Anomaly | Shareholder Plans to Reduce Holdings, China Rong Electric Plummets Over 8%

2026-03-13 00:40:36

Zhongrong Electric (301031.SZ) dropped more than 8%, closing at 140.68 yuan, with a total market capitalization of 13.8 billion yuan. According to news, Zhongrong Electric announced a share reduction plan, with shareholder Wang Wei and Shi Xiaoguang planning to reduce their holdings by no more than 850,000 shares, representing no more than 0.86% of the company’s total share capital. Additionally, it is reported that the company has issued two reduction plan announcements in the past three years. It should be noted that the disclosed number of shares to be reduced in the announcement does not represent the final actual reduction amount.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.