ENG YING, Director and Deputy General Manager of 3PEAK Inc. (SH:688536), plans to sell up to 540,000 shares (0.4% of total equity) via block or centralized bidding between September 6 and December 5, 2025. The move, citing "personal funding needs," could net $10.7 million based on the August 16 closing price of ¥143.88/share ($20.2/share).
FENG retains 9.16 million shares (6.75% stake), all obtained pre-IPO and unlocked since September 202339. This follows a ¥34 million ($4.8 million) divestment in April 2025, bringing total recent sales to $15.5 million.
The announcement contrasts with 3PEAK’s strong Q1 2025 results:
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Revenue surged 111% YoY to ¥422 million ($59 million), driven by growth in industrial, automotive, and communication sectors, plus consolidation of ChipMicro.
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Net profit soared 132% YoY to ¥15.56 million ($2.2 million).
Despite the executive’s exit signal, shares rose 3.13% on the announcement day, buoyed by a 55.55% year-to-date rally15. Institutional investors like Galaxy Innovation Fund (519674) recently entered top-10 holders.
ICgoodFind Perspective: While insider selling often sparks governance concerns, 3PEAK’s robust operational momentum and strategic expansions may cushion market impact. Investors should monitor execution risks amid China’s chip localization push.
