Lomon Billions Group: Shareholder Li Ling plans to reduce holdings by no more than 122 million shares

NBD AI Bulletin - Lomon Billions Group Co Ltd ("the Company", SZ 002601, closing price: 32.83 yuan) announced on the evening of November 17 that it has received a notice regarding shares selldown from shareholder Ms. Li Ling. Ms. Li Ling currently holds about 156 million shares in the Company, accounting for 7.66% of the Company's total equity, and plans to reduce her holdings by no more than 122 million shares, or 6% of the Company's total equity, via centralized bidding and block trade within 6 months after 15 trading days from the date of this announcement.

The 2019 annual report shows that Lomon Billions Group Co Ltd mainly engages in the manufacturing of chemical raw materials and chemicals, accounting for 97.71% of its revenue.

Lomon Billions Group Co Ltd's president and chairman is Xu Gang, male, 57 years old, Chinese national, no overseas permanent residency, graduate degree.

Tips on "Stock Trends":

1. The number of shares held by northbound investors in the Company increased by 8.4544 million in the past 30 days, representing 0.6% of the Company's circulating shares;

2. There was no institutional research on the Company in the past 30 days;

3. Lomon Billions Group Co Ltd last issued a share selldown announcement on November 14, 2020, with shares rising 6.72% the next trading day. In the past 12 months, the Company released a total of 20 announcements of such kind.  

(By Lan Suying)

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