Shenzhen, Jan 20, 2026, 10:04 CST — Regular session
- Longsys A-shares climbed 1.73% to 342.08 yuan in morning trade, bouncing back after an early dip
- Shareholders established a preliminary inquiry-transfer price at 212.09 yuan per share, significantly under the previous closing price
- Allocation remains preliminary, with final settlement processed via ChinaClear’s Shenzhen branch. Buyers must adhere to a six-month lock-up period.
Shares of Shenzhen Longsys Electronics Co., Ltd. climbed 1.73% to 342.08 yuan by 09:57 a.m. Tuesday, following shareholders setting a sharply discounted price for an off-market share transfer. The stock kicked off the day at 323.14 yuan and was trading with a trailing price-to-earnings ratio exceeding 200, per market data. (Cfi)
The transfer price stands at 212.09 yuan per share. That’s roughly 37% below Monday’s closing price, a discount that could reshape how investors view the clearing levels for large block trades done beyond the order book.
This is crucial because inquiry transfers are meant to curb market impact, yet the discount can still unsettle holders concerned about supply and valuation. The process also reveals institutional demand rather than retail momentum, and those signals seldom align neatly.
Longsys disclosed late Monday that five shareholder accounts will transfer 12,574,358 shares following bids from 59 institutions, with 54 investors slated to get allocations. The company emphasized this transfer isn’t done via exchange auction or typical block trades, nor does it qualify as secondary market selling. Recipients must hold the shares for six months before selling. Longsys noted the results are preliminary; final settlement rests with China Securities Depository and Clearing’s Shenzhen branch. It also cautioned the block could face risks like judicial freezes or deductions. (Cfi)
Tuesday’s price action started off as if the market was having a tug-of-war. Shares dipped right at the open before rallying into positive territory, swinging widely during the first hour of trading.
The block price is significantly below the morning session’s trading range, which cuts both ways. On one hand, it could relieve short-term selling pressure since those shares are off the market. On the other, it might set a new low point investors focus on if selling picks up again.
Longsys offers storage products based on flash memory and DRAM, including embedded storage, solid-state drives, and memory modules. Its brands include Lexar and ForeSEE, according to its website. (Longsys)
Traders are focused on two key points as the session unfolds: can the stock stay above yesterday’s close after early swings, and will a wider sell-off materialize from shareholders unrelated to the inquiry transfer.
The downside case is clear-cut. A steep discount might attract quick traders to sell into rallies, and if the transfer result shifts during settlement—or if more big holders signal plans to sell—the shares could swing sharply once more.
The next step involves the back-end plumbing: investors will watch for confirmation after ChinaClear’s Shenzhen branch finishes settlement, followed by a result disclosure that finalizes the allocation.
