July 8 -- Zhanjiang Guolian Aquatic Products (300094) will have 37.73 million shares lifted for trading today, totaling a 10.72-percent stake, reports National Business Daily. The shares are currently held by six legal person shareholders.

The company’s share price is currently a 34-percent discount from its IPO price, says one analyst, but the six shareholders may still choose to sell their holdings because their original cost-per-share is less than one yuan. Of the six, three individual shareholders are senior managers of Guolian Aquatic and have committed to selling a maximum of 25 percent of their holdings per year if they choose to cut holdings after the lockup ends.

Another analyst from a securities broker said Guolian Aquatic reported continuous losses in 2010 and the first half of this year after listing in July 2010.

Source:Capitalvue