Two holdings, FSL intends to participate in the 144 million China Xuan tech stock

Yesterday (16) evening, FSL announcement, the company will invest 143604335.25 yuan of its own funds to participate in the China Xuan tech shares.

According to the announcement, November 14, 2017, China Xuan tech disclosure rights issue announcement, intends to total capital of 876 million 420 thousand shares as the base, placing shares for every 10 shares to all shareholders with 3 shares, can be equipped with a total number of shares to 262926000 shares, raising total funds is not expected to exceed 3 billion 600 million yuan.

As of November 16, 2017, China Xuan tech company holds 34965750 shares of tradable shares, accounting for 3.99% of the total equity of the Xuan tech. According to the China Xuan tech shares announcement, FSL shares allotted a total of 10489725 shares.

FSL said the company's own funds to participate in China Xuan tech shares, is conducive to the promotion of company assets, prevent shares held by the company to ex GuoXuan high-tech stock value has shrunk, and safeguard the interests of all shareholders. At the same time, the company liquidity is relatively abundant, to participate in the placement will not have a negative impact on the production and operation of the company.

LEDinside editor access to FSL past the announcement found that over the past year, FSL has two holdings china Xuan tech equity. From November 15, 2016 to December 7th, by the bulk of transactions to 32.94 yuan / share holdings of the average price, the sale of the company held by China Xuan tech stock 29 million 270 thousand shares, accounting for 3.34% of the total share capital of China Xuan tech, total 964 million yuan turnover. Then, in order to optimize the structure of the company's assets, FSL from July 6, 2017 to August 1, 2017 again through centralized bidding to sell China Xuan tech stock 8770400 shares, accounting for about 0.9994% of the total share capital of China Xuan tech, the total transaction amount of 304428520.24 yuan.

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