Abstract: We update the A+H cornerstone lock-up expiry study with 18 deals and a longer post-expiry observation window. The revised pattern is timing-driven. Early post-expiry trading was resilient, while weakness appeared later than the February note captured. A-H premium is a clear cross-sectional screen in this sample.
CNGR, SICC, NOVOSENSE, MUYUAN FOODS GROUP CO LTD-H, HANS CNC, CATL, GIGADEVICE, SANY HEAVY IND, CIG, FIBOCOM, LENS, MONTAGE TECH, JOYSON ELEC, SERES, EASTROC, WOER
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