Remegen to Release 193 Million Locked Shares on July 1

Stock News06-22

An announcement from Remegen (09995) indicates that a batch of restricted shares from its initial public offering will become tradable. The shares, totaling 193 million, were allocated through an offline placement and are set to be released for trading on July 1, 2026.

According to the filing, the total number of shares entering the market is 193 million. However, the company notes that due to its cash dividend distribution not meeting specific regulatory requirements set by the Shanghai Stock Exchange, the shareholders eligible for this lock-up release are prohibited from selling their A-shares through either centralized bidding or block trades on the exchange.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment