Longsys stock (301308.SZ) closes up 3.4% as 2.67 bln yuan stake sale wraps up; what to watch Monday
Longsys A-shares closed at 374 yuan in Shanghai Friday, up 3.4% and near a 52-week high. A filing showed pre-IPO shareholders sold a 3% stake to institutions at 212.09 yuan per share, a 43% discount to the close. The 2.67 billion yuan deal locks up shares for six months. Traders await Monday’s open to gauge the impact of the discounted private sale.