Shanghai, Jan 25, 2026, 09:57 GMT+8 — Market closed
- Longsys A-shares ended Friday at 374 yuan, rising 3.4%, hovering close to a 52-week peak.
- A filing revealed that pre-IPO shareholder vehicles sold a 3% stake to institutions at 212.09 yuan per share.
- Traders are keen to see if Monday’s trading will anchor to the private-sale discount as a benchmark.
Shenzhen Longsys Electronics Co., Ltd.’s Class A shares finished Friday at 374 yuan, climbing 3.37%. Investors zeroed in on news of a sizable off-market stake sale ahead of the weekend. The stock remains just shy of its 52-week peak, following a strong rally in recent months.
A filing on Friday revealed that five pre-IPO shareholder entities executed an “inquiry transfer” of 12,574,358 shares, representing 3% of the company’s total share capital, at 212.09 yuan per share. The deal was valued at 2.67 billion yuan. According to the filing, these shares will be locked up for six months. Guba
Why it matters now: the transfer price is roughly 43% below Friday’s close, a steep discount that could spark debate when trading resumes. According to Securities Times, UBS AG led the buying, joined by insurers and fund managers, with 54 institutional investors taking part overall. That report also noted the stock has nearly tripled since last September.
“Inquiry transfer” refers to a process in China where shares are sold privately to qualifying institutions through negotiation. This method bypasses the open market order book and involves no issuance of new shares.
That detail is crucial for Monday. The deal hands cash to selling shareholders, not the company itself, yet it still influences sentiment by establishing a reference price for a significant block of stock traded off-exchange.
The filing identified the sellers as former related parties of the controlling shareholder and actual controller during the IPO, noting the acting-in-concert relationship has since been dissolved. It added the transaction won’t affect control.
The price gap remains striking. Some investors see the discount as proof of solid institutional appetite for this volatile, high-profile stock; others view it as a rough benchmark reflecting what big players were ready to pay while under a lock-up agreement.
But the risks remain. Longsys has surged quickly, and high-momentum A-shares often react sharply to any hint of cooling demand. If other early shareholders decide to sell, or if risk appetite in the sector weakens, the stock could take a bigger hit than the wider market.
Longsys manufactures storage products, including memory modules and SSDs for both consumer and industrial use. It operates in a competitive segment of China’s chip market, where pricing swings and inventory changes can quickly sway investor sentiment.
The market being shut on Sunday puts the spotlight on Monday’s open in Shenzhen. Traders will be watching to see if buying stays strong above the previous close and if the off-market transfer triggers fresh positioning moves.
Coming up, look for fresh disclosures on post-transfer shareholding shifts and settlement updates linked to the completed inquiry transfer, plus any new company filings as the week kicks off.
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