Zhongxin Jingwei, December 13 (Wang Yuling, Luo Kun) On the 13th, Pharmacist helped Hong Kong stocks fall sharply after the opening, and as of press time, each share was 16HK$22, down 4309%, with a total market capitalization of 103HK$7 billion.
Regarding the sharp drop in stock prices, Chen Fei, chief financial officer of Pharmacist, told Zhongxin Jingwei on the 13th that the lock-up period for all pre-listing shareholders of Pharmacist Gang ended last night (evening of the 12th), which had a certain impact on the stock price. "I can't say that this is the reason, but there should be some pre-IPO shareholders one after another today. The largest shareholder of the founders has voluntarily extended the 180-day lock-up period and is confident in the development of the company and will hold firmly, but the other non-founder shareholders are free to buy and sell according to their internal strategies. Chen Fei said.
According to the announcement of Pharmacist Bang on the Hong Kong Stock Exchange on the 12th, Miyt Holdings Limited, the single largest shareholder of the company, has voluntarily undertaken not to ** any underlying shares for an additional 180 days from the expiration of the initial lock-up period of any company shares held by them as set out in the prospectus (i.e. from 12 a.m. on December 13, 2023 to 12 a.m. on June 10, 2024). As of the date of the announcement, Miyt Holdings Limited held 12.5 billion shares, representing approximately 19 percent of all issued shares60%。
According to the above announcement, Miyt Holdings Limited is controlled by a trust established for the benefit of Zhang Buzhen, the founder, executive director and chief executive officer and chairman of the board of Yaoshibang.
As for whether measures will be taken to stabilize the stock price in the future, Chen Fei said that if it can be carried out in accordance with the listing rules of the exchange, the pharmacist gang has also done some buybacks before. "If we feel that the stock price deviates from the real value of the company, we will definitely make corresponding moves, we are confident in our business, and we are also confident in the company's development speed in the next two or three years. Chen Fei said.
Previously, Chen Fei mentioned in an exclusive interview with Sino-Singapore Jingwei why the Hong Kong stock was issued on the ground, saying that the past idea was to put it in place in one step, and after the successful issuance of the company, the stock price was high, and after the restricted shares were lifted, the old shareholders withdrew. However, Pharmacist Gang hopes to make the market more familiar with and believe in the company's business advantages for a longer period of time, so as to improve the stock price and liquidity, and give old shareholders a better return on investment when the ban on restricted shares is lifted. (For more reporting clues, please contact the author of this article, Yuling Wang: wangyuling@chinanews.)com.CN) (China-Singapore Jingwei APP).
The views in this article are for reference only and do not constitute investment advice. )
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Editor: Chang Tao Li Zhongyuan.
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