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2025-09-18 11:04:58
Top Group's stock price briefly hit its daily limit in early trading Thursday, but its controlling shareholder terminated its share reduction plan early. The Chinese auto parts manufacturer, Top Group (601689.SS), saw its share price hit its daily limit in early trading Thursday. The company announced that its controlling shareholder, Wu Jianshu, and Vice Chairman Wu Haonian, have essentially met their funding needs and have decided to terminate their share reduction plan early. The two reduced their combined holdings of 0.2010% of the company's total share capital through centralized bidding. So far this year, Top Group's stock price has risen 76.4%, significantly outperforming the CSI 300 Index, which has risen 15.8% over the same period.
