STOCKS | Shuangdeng Group IPO Lock-Up Expiry Extended 12 Months for 288 Million Shares

Shuangdeng Group (6960) said the lock-up restrictions on shares held by several pre-IPO shareholders, including the controlling shareholder, are due to expire on August 25, and it has been notified that they have each committed to extend the lock-up by 12 months after the original expiry, according to Ming Pao. The extended lock-up covers about 288 million shares, representing about 67.64% of the company’s equity. Yang Shanki and Shuangdeng Investment Management (Shanghai) account for 138 million shares and 109 million shares, respectively, the largest portions among the extended shares.