Tai Mei Ti A P P·2025-05-09 02:13Core Viewpoint - The recent significant share reduction by Shandong Molong's second-largest shareholder, Zhihong Holdings, coincided with a dramatic stock price surge, raising concerns about market manipulation and investor losses [2][4]. Group 1: Shareholder Actions - Zhihong Holdings and its concerted parties reduced their holdings by 107 million H-shares, accounting for 13.39% of the total share capital, bringing their combined stake down to 5.6164% [2]. - This reduction occurred shortly after Shandong Molong's stock price surged by 457% over three days, following the announcement of its delisting from risk warnings [2][4]. Group 2: Stock Price Movements - Shandong Molong's H-shares experienced a significant increase, with a rise of over 30% from April 30 to May 2, and a peak increase of 200% on May 6, before experiencing a sharp decline of 27.66% on May 8 [2][6]. - The stock's volatility was attributed to the large-scale sell-off by Zhihong Holdings during a peak trading period, which contributed to the drastic price fluctuations [2][4]. Group 3: Company Background and Financials - Shandong Molong's stock was previously considered a "zombie stock," trading around 0.8 HKD before the recent surge, which was significantly below the cost basis of Zhihong Holdings [6]. - The company reported a loss of approximately 43.7 million CNY for the year 2024, despite earlier forecasts of profitability based on expected gains from asset disposals [6].