Tag Archives: 3990

Exploring the MIDEA REAL E (03990)

Midea’s home purchase, which has just been listed for half a year, surrendered its first performance after listing last month and achieved good results.

Let me talk about the basic situation:

Midea Real Estate was listed in October 2018, with an offer price of 17 yuan. After the listing, the total number of shares issued was 1.109 billion shares. The major shareholder He Jianfeng held 1 billion shares, equivalent to 84% of the shares, and another cornerstone investor Youngor (600177. SH) holds 60.35 million shares or 5.07% of shares and Foshan Yesheng Investment holds 13.71 million or 1.15% of the shares. The cornerstone investors have a six-year lock-up period, and there is no lock-up limit. If the cornerstone investors do not reduce their holdings, then the market circulation is only 9.8%, and the market circulation is only about 2.56 billion yuan.
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