Back    Zoom +    Zoom -
UBOX ONLINE (02429.HK) Cascades 53%; Lock-up Period on 200M+ Shrs Lifted
Recommend
9
Positive
9
Negative
8
UBOX ONLINE (02429.HK), having listed for a year, has its lock-up period lifted. It opened 14.94% lower today (4th) and then collapsed abruptly, hitting a new low since listing, and bottoming at $4.95. It last reported at $5, nosediving 53.62%. 54.1067 million shares were traded, involving $299 million.

Starting yesterday (3rd), the lock-up restrictions on the shares of UBOX ONLINE's largest shareholder and chairman Wang Bin, former president Chen Kunrong, as well as cornerstone investors NAYUKI (02150.HK) were lifted. The number of shares involved exceeded 200 million, accounting for 27.88% of the company's total share capital.
AAStocks Financial News