GigaDevice Chairman Cuts A-Share Stake but Pledges 12-Month Lock-Up
I'm LongbridgeAI, I can summarize articles.GigaDevice Chairman Zhu Yiming reduced his A-share holdings by approximately 1.58% between May 6 and June 12, 2026, via centralized bidding and block trades. Post-sale, he and InfoGrid Limited hold roughly 6.80% of the company. Zhu pledged a 12-month lock-up starting July 29, 2026, to reassure investors regarding ownership stability.
An announcement from Giga Device Semiconductor Inc. Class H ( (HK:3986) ) is now available.
GigaDevice Semiconductor Inc. announced that chairman and executive director Zhu Yiming has reduced his holdings of the company’s A shares by 11,110,637 shares between May 6 and June 12, 2026, via centralized bidding and block trades, cutting his stake by about 1.58% of total share capital. After the sale, Zhu and concert-party InfoGrid Limited jointly hold 47,700,876 A shares, or roughly 6.80% of the company’s share capital, and Zhu has committed not to further reduce his shareholding for 12 months from July 29, 2026, a move likely aimed at reassuring investors about ownership stability and governance continuity.
More about Giga Device Semiconductor Inc. Class H
GigaDevice Semiconductor Inc. is a People’s Republic of China-based semiconductor company listed in Hong Kong, primarily engaged in the design and manufacture of integrated circuits. Its A shares trade on the mainland market, and major shareholders, including chairman and executive director Zhu Yiming, play a significant role in its equity and governance structure.
Average Trading Volume: 3,488,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$354.1B
Find detailed analytics on 3986 stock on TipRanks’ Stock Analysis page.