RYC once fell over 7%, with its stock price reaching an all-time high last Thursday. Shareholder LANCY plans to reduce its holdings
RYC fell as much as 7.07% to CNY 47.71 during intraday trading today. The stock reached a historical high of CNY 59.14 last Thursday during intraday trading, following a cumulative increase of 95% last year and nearly doubling this year. RYC announced yesterday that its shareholder LANCY plans to reduce its holdings in the company by no more than 4,768,071 shares through centralized bidding and/or block trading, not exceeding 3% of RYC's total share capital. LANCY rose more than 4% to CNY 18.88 during intraday trading today