Air China Cargo shares hit all-time low on lock-up expiry
Shares of Air China Cargo fell 2.7% to 3.91 yuan, their lowest since their debut on September 11. The stock is set for its biggest one-day percentage decline since Sept. 11, ending two consecutive rising sessions. The expiration of a lock-up period for a 47.3% stake, held by five shareholders, is set for September 28. Year-to-date, the stock is down 33.5%, while the benchmark CSI300 Index has fallen 1.5%.
91 yuan, their lowest level since the stock debuted in December 2024. The stock was on course for its biggest one-day percentage decline since September 11, after two straight rising sessions. 3% stake held by five shareholders is due to expire, and the shares are set to be listed for trading on September 28. 5% decline in the CSI300 Index.