Shareholders holding more than 5% of Huachangda’s shares will continue to reduce their shares after the purchase


2020-06-23 19:14:28Beijing News Editor: Yue Caizhou
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Shareholders holding more than 5% of Huachangda’s shares will continue to reduce their shares after the purchase

2020-06-23 19:14:28Beijing News

The most interesting is the source of the stock reduction. According to the announcement, the source of the stock reduction was from a judicial auction transaction. On May 11, 2020, the 40,000,000 shares of Huachangda held by the company’s shareholder Yan Hua were auctioned off by a judicial auction. Wang Huanling used this judicial auction to repay the shares and complete the delivery procedures on June 10.

Huachangda issued an announcement on June 23, stating that Ms. Wang Huanling, a shareholder holding more than 5% of the company’s shares, plans to use block transactions or centralized bidding transactions (within 6 months after 15 trading days from the date of this announcement) ) Total reduction of the company’s shares held by them does not exceed 11,943,668 shares (the number of reduced shares does not exceed 2% of the company’s total share capital).

What attracts the most attention is the source of the stock reduction. According to the announcement, the source of the stock reduction is from a judicial auction transaction. On May 11, 2020, the 40,000,000 shares of Huachangda held by the company’s shareholder Yan Hua were auctioned off by a judicial auction. Wang Huanling used this judicial auction to repay the shares and complete the delivery procedures on June 10.

Prior to June 11, the day after the completion of the settlement procedures, Huachangda (300278) shareholder Wang Huanling reduced his holdings of 1 million shares on the Shenzhen Stock Exchange through a bidding transaction, the shares decreased by 0.17%, and the shareholding ratio was 6.53%. The announcement showed that the average price of this reduction of shares was 3.94 yuan per share, and the reduction of this time was 3.94 million yuan.

Some investors have asked: Does Wang Huanling’s reduction of 1 million shares on June 11 constitute an illegal reduction? The company responded by saying, Dear investors, hello, thank you for your attention. For related matters, please follow the company announcement.

The company has not disclosed the full 2019 annual report. According to its main operating performance in 2019, the company suffered a huge loss of 1.542 billion last year.

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