Zhejiang Lante Optics Co Ltd: Shareholder Sell-Off and Dividend Announcement
In a recent development, Zhejiang Lante Optics Co Ltd, a prominent player in the optics industry listed on the Shanghai Stock Exchange, has announced plans for a significant shareholder sell-off. The company disclosed that two major shareholders, Jiaxing Lantuo Equity Investment Partnership (Limited Partnership) and Mr. Xu Guiming, intend to reduce their holdings. Specifically, Jiaxing Lantuo plans to sell up to 2.13 million shares, while Mr. Xu Guiming aims to offload up to 1.29 million shares. As of the announcement date, Jiaxing Lantuo held 8.52 million shares, representing 2.1131% of the company’s total equity.
This move comes at a time when Zhejiang Lante Optics is navigating a challenging market environment. The company’s stock price closed at 22.38 CNY on May 29, 2025, a significant drop from its 52-week high of 32.48 CNY on February 19, 2025, and above its 52-week low of 14.41 CNY on September 22, 2024. With a market capitalization of approximately 9.08 billion CNY and a price-to-earnings ratio of 40.8481, the company’s financial metrics reflect both its potential and the volatility it faces in the current market.
In addition to the sell-off news, Zhejiang Lante Optics has also announced a dividend payout for its shareholders. The company declared a dividend of 2.00 CNY per 10 shares, based on the total number of shares outstanding before the implementation of the dividend plan. The record date for this dividend is set for June 9, 2025, with the ex-dividend date following shortly thereafter.
These developments are crucial for investors to consider as they reflect both the company’s strategy to manage its equity structure and its commitment to returning value to shareholders. As Zhejiang Lante Optics continues to operate in a competitive market, these financial maneuvers will likely play a significant role in shaping its future trajectory.
For more detailed information, investors are encouraged to review the official announcements available on the Shanghai Stock Exchange’s website.