Zhongji Innolight (300308.SZ) stock: China’s new fund-favorite faces a Monday test after a 5.8% slide
Zhongji Innolight’s Shenzhen-listed A-shares fell 5.8% to 585 yuan by Friday’s close, despite fund disclosures showing it as the largest holding among China’s active equity mutual funds. Shareholders are set to vote Jan. 28 on an H-share offering and a planned Hong Kong listing. A block trade of 43,900 shares totaled about 25.69 million yuan. Market value stands near 650 billion yuan with a P/E ratio of 68.36.