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Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) just unveiled an announcement.
Zhejiang Leapmotor Technology announced that Ningbo Jinghang Enterprise Management L.P., the company’s employee incentive plan platform, has had 4,138,950 H shares released from lock-up and these shares may be sold in the secondary market at appropriate times at the request of participating employees. After this reduction, founder Zhu Jiangming, major shareholder Fu Liquan and their shareholder group will together hold 204,961,588 H shares and 128,517,839 domestic shares, representing 23.45% of the company’s issued share capital, and the company stressed that these sales are personal actions that do not affect the founder group’s previously pledged 10‑year voluntary lock-up, signaling continued long-term commitment while potentially increasing free float and liquidity for investors.
The most recent analyst rating on (HK:9863) stock is a Hold with a HK$53.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
More about Zhejiang Leapmotor Technology Co., Ltd. Class H
Zhejiang Leapmotor Technology Co., Ltd. is a Chinese joint stock company listed in Hong Kong, operating in the new energy vehicle and smart electric car sector, with H shares and domestic shares held by a mix of founders, employees and institutional investors.
Average Trading Volume: 7,622,935
Technical Sentiment Signal: Sell
Current Market Cap: HK$71.01B
For a thorough assessment of 9863 stock, go to TipRanks’ Stock Analysis page.