25 non-tradable 1.58 billion shares of Huaxia Bank

Source: Internet
Author: User
Keywords Limited Partnership Huaxia Bank sales conditions Deutsche Bank
Deutsche Bank may rise to the second largest shareholder-our correspondent Hu Ying today, Huaxia Bank has up to 1.5835 billion shares of restricted shares listed in circulation, in accordance with the closing price of Friday, its market value as high as 16 billion yuan.  The lifting of the lifted shares accounted for 62% of the circulating capital, accounting for 27.12% of total equity, is the largest of its restricted shares lifted.  Huaxia Bank thus became the lifting in June lifted the market capitalisation of the largest stocks, the lifting amount accounted for the total ban in June 12%. 25 of the release of the non-tradable according to Huaxia Bank June 3, the release of the 1.5835 billion shares of restricted shares by 25 companies held.  In the 25 of the size, in addition to Shougang Corporation for large and non, the remaining 24 of the release of shareholders are less holdings of small, such as the State Grid company, run China Group Co., Ltd., HONGTA Tobacco Group.  A researcher told the reporter, although now the market for restricted shares, the lifting of the ban is not as strong as last year, many listed companies can smooth through the ban on restricted stocks, but the Chinese bank several small not at the same time lifted, there is still some pressure. It is reported that the lifting of the share-splitting reform is the formation of restricted shares, the cost of holding lower. Among them, the largest shareholder Shougang Corporation and the second largest shareholder of the state Grid company held shares of the number reached 299.6 million shares and 239.7 million shares, respectively, the total share capital of the company 6% and 4.8%  China Construction Bank Co., Ltd. Shanghai Branch and Beijing Years Foundation Construction Investment Co., Ltd. held shares of this listing only 2.2176 million shares and 571,200 shares, accounting for the company's total share capital of 0.04% and 0.01%. 2007 and June 6, 2008, the Huaxia Bank has 126.6 million shares and 513.9 million share reform of restricted circulation shares listed circulation.  This is the third time the company to arrange shares of the limited sale conditions of the circulation stocks listed.  Does Deutsche Bank have the right to do so? Also noteworthy is that, although Deutsche Bank of the unlimited sale of shares lifted, but the lifting of another shareholder-Huaxia Bank Financial investors Sal Oppenheim shares limited partnership will have 120 million shares in the right to circulation.  At this point, Thrall Oppenheim held a total of 171.2 million shares of Huaxia Bank to remove the restrictions, the shares for Huaxia Bank to introduce strategic investors issued, the holding cost of about 4.5 yuan per share. An option agreement was signed between Deutsche Bank and Thrall Oppenheim.  Deutsche Bank (or its designated third party) has the right to purchase, within a certain period of time, the shares of Huaxia Bank held by the Oppenheim on the terms and conditions agreed upon by both parties.  Prior to the 2008 Huaxia Bank of the issue, Deutsche Bank has to 14.62 yuan to increase the price of 267 million shares in Huaxia Bank A shares of common stock, after the completion of the issuance of Deutsche Bank's shareholding rose to 11.27%. Some analysts believe that Deutsche Bank's desire to increase its holdings of Huaxia Bank is stronger, so thrall Oppenheim eventually transferred the equity to DeutscheThe possibility of a bank is very high. If Deutsche Bank exercises the option, Deutsche Bank will further increase its shareholding to 13.67%, which will become the second largest shareholder of Huaxia Bank after Shougang.
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