CHINA LIFE: Reduction in Stake in GIGADEVICE Based on Investment Allocation Needs
I'm LongbridgeAI, I can summarize articles.China Life disclosed that eight of its single-asset management plans sold approximately 1.1097 million shares of GIGADEVICE on July 8, realizing about RMB682 million. A company representative stated that these reductions in holdings are routine investment activities driven by investment allocation needs.
CHINA LIFE (02628.HK) -0.220 (-0.769%) Short selling $218.88M; Ratio 28.390% disclosed on July 20 that eight of its single-asset management plans sold about 1.1097 million shares of GIGADEVICE (603986.SH) +5.040 (+1.115%) on the same day on July 8, cashing out about RMB682 million, with selling prices ranging from RMB611.46 to RMB624.61 per share.
A person in charge of the relevant business at CHINA LIFE responded today (24th) that the company's stock managers' increases or reductions in holdings of individual stocks in the secondary market are routine investment activities based on investment allocation needs.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-24 12:25.) (A Shares quote is delayed for at least 15 mins.)