---
title: "GIGADEVICE Spikes 25%+ after Opening Up on Planned Buyback of Max. RMB2B A Shrs, Chair's Planned Stake Increase"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294441607.md"
description: "GIGADEVICEsurged over 25% following announcements of a planned RMB1-2 billion A-share buyback for cancellation and Chairman Zhu Yiming's commitment to increase his holdings by at least RMB1 billion. The buyback price will not exceed 1.5 times the 30-day average, while the stake increase is scheduled between December 2026 and July 2027."
datetime: "2026-07-31T02:11:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294441607.md)
  - [en](https://longbridge.com/en/news/294441607.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294441607.md)
generator: "portal-rs"
---

# GIGADEVICE Spikes 25%+ after Opening Up on Planned Buyback of Max. RMB2B A Shrs, Chair's Planned Stake Increase

GIGADEVICE (03986.HK) +99.800 (+23.307%) Short selling $104.09M; Ratio 2.293% opened 14.99% higher today, reaching a high of HKD577. It last stood at HKD536, up 25.18%, with a turnover of 3.0932 million shares, amounting to HKD1.652 billion.

GIGADEVICE announced that its Chairman and Executive Director, Zhu Yiming, proposed to repurchase A-shares through centralized bidding using the company's own funds, and then cancel them to reduce registered capital. The repurchase price will not exceed 1.5 times the average price of the 30 trading days prior to the board's resolution, with a repurchase amount between RMB 1 billion and RMB 2 billion. 

In addition, Zhu planned to increase his holdings of A-shares through centralized bidding or block trading between December 13, 2026 and July 29, 2027, using his own and/or self-raised funds, with an increase of no less than RMB1 billion.  
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-30 16:25.)

### Related Stocks

- [603986.CN](https://longbridge.com/en/quote/603986.CN.md)
- [03986.HK](https://longbridge.com/en/quote/03986.HK.md)

## Related News & Research

- [GigaDevice Publishes Unaudited Interim Results for First Half of 2026](https://longbridge.com/en/news/296260055.md)
- [GigaDevice seeks shareholder approval for 2026 H-share award scheme with 10% issuance cap](https://longbridge.com/en/news/296223864.md)
- [GigaDevice Semiconductor schedules interim results briefing via SSE Roadshow Centre](https://longbridge.com/en/news/296245710.md)
- [GIGADEVICE Chairman Zhu Yiming Cashes Out Total of RMB4.4B via A-Share Stake Reduction, Plans to Increase Holdings by At Least RMB1B Starting Mid-Dec](https://longbridge.com/en/news/294288229.md)
- [GigaDevice Chairman Cuts A-Share Stake but Pledges 12-Month Lock-Up](https://longbridge.com/en/news/294217321.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**