Ganzhao Optoelectronics was cashed by shareholders or reduced its share price by 60% in 2011

In 2011, the share price of Ganzhao Optoelectronics dropped 60%. Its shareholders frequently froze in the secondary market. Market participants suspected that their performance declined. Shareholders retreated and reduced their shareholdings.

Previously, Ganzhao Optoelectronics had multiple themes such as solar energy, new energy, energy conservation and environmental protection, and LED, which became the target of various funds. The company's share price in March last year hit a new high.

Who knows that in the second half of 2011, Ganzhao Optoelectronics has become synonymous with "reduction of holdings", its shareholders crazy cash, stock prices fell hugely, almost become a nightmare for retail investors and funds.

It is understood that the original shares of the company, which was invested by 1.5 million yuan in 2006, have increased to nearly 400 million yuan, up nearly 270 times. Ganzhao Optoelectronics ushered in the sale of restricted shares on August 12 last year. According to the information disclosed by the Shenzhen Stock Exchange, Ye Sunyi reduced his holdings through the block trading platform twice, and he collected cash of up to 112 million yuan, which is more than the company's net profit in the first half of the year.

In addition to the secretaries of the board of directors, the shareholders of Ganzhao Optoelectronics also ran wildly. The third largest shareholder of Ganzhao Optoelectronics, Sequoia Capital, reduced its holdings by 10 million shares in October and November last year. For the reasons for the continuous reduction of executives and venture capital, analysts pointed out that the poor performance data or the main reasons for the reduction.

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