Huayi Sale 3 million shares

Absrtact: NET game leading stock technology (300315, closing price 32.60 yuan) this year has risen by more than 200%. "Daily economic news" Reporter noted that in this context, the shareholders Huayi Brothers (300027, the former closing price of 28.55 Yuan) and the company's executives can't restrain themselves. This

Network Game leading stock technology (300315, closing price 32.60 yuan) this year, the rise of more than 200%. "Daily economic news" Reporter noted that in this context, the shareholders Huayi Brothers (300027, the former closing price of 28.55 Yuan) and the company's executives can't restrain themselves. Today, the Huayi Brothers Bulletin said that on June 17, the sale of the palm of the fun technology shares, a set of 93 million yuan, yesterday (June 19), the technology bulletin revealed that the secretary Zhang Yuxia for personal reasons resigned.

Huayi Sale 3 million shares

Huayi Brothers said the above announcement, its June 17 through the bulk of trading methods sold Palm technology shares 3 million shares, the average price of 31 yuan, the amount of cash 93 million yuan. The daily economic news reporter noted that Huayi brothers sold 5.1 million shares of the fun technology on May 13, with a current of 258 million yuan.

While shareholders are selling shares in a row, the palm-tech executives have recently become more "restless". May 21, the company's former deputy general manager Yang Yi for personal reasons to resign as director and general manager of the Post; June 18, the original Dong and deputy general manager Zhang Yunxia for personal reasons to submit his resignation, apply for resignation company director, Dong Secretary, deputy general manager and financial officer.

Information shows that Yang Yi in September 2009, while Zhang Yunxia was a vice president of technology in June 2010 and was hired as a director and Secretary in October 2010.

Why has two executives resigned in less than one months since May?

The day of the lifting was shelf reduction

The daily economic news reporter noted that the above two executives, both before leaving the company to reduce their shares.

Public information showed that Yang Yi and Zhang Yunxia held 2.8665 million shares and 620,100 shares respectively at the beginning of the technology listing, the shares were lifted on May 13, 2013. However, according to the SFC "listed companies directors, supervisors and senior management of the company's shares and changes in the management rules", in the vocational school can reduce the shares of listed companies not exceeding 25% per annum. According to this ratio, therefore, May 13 this year, the two people can actually reduce the number of shares of 716,600 shares and 205,000 shares respectively.

May 13 The lifting of the day, the two senior executives began to reduce. Yang Yi Day to reduce the 716,000 shares, Zhang Yunxia reduce 205,000 shares, the average price is 59.87 yuan/share. May 20 Yang Yi further reduce the hands of the "Mantissa" 625 shares, the average price of 70.1 yuan/share. From this, two people completed shelf reduction action.

After the two people completed the reduction, they submitted their resignation on May 21 and June 18 respectively. In this respect, the Ministry of Technology Securities staff said, "because in the vocational school according to the provisions, to continue to reduce the only in the next May, and reduce the chip is still 25%, and in the resignation of six months after they can be reduced again." Relevant regulations show that, after six months of separation, the number of shares of the company does not exceed 50% of the total shareholding, and after 12 month, the reduction is unrestricted. In other words, Yang Yi and Zhang Yunxia will be able to continue to reduce their holdings in November and December respectively this year, as confirmed by the company's securities staff, "we have made a transition that will not affect the operation of the company," the staff said.

An analyst told the Daily Economic news reporter that if the senior executives holding the original shares, the cost of holding a very low, large reduction will have a greater impact on the share price, so there will be restrictions on the relevant regulations. But the rules show that turnover can speed up the process of reduction, so from a personal point of view, if you want to step up through the resignation of the current, as far as possible to maximize the benefits, this is understandable.