Auto Cut the price limit: 49.3 U.S. dollars to 43.3 dollars

November 14 News, Auto submitted to the U.S. Securities and Exchange Commission documents showed that the company plans to downgrade November 5 announced the issue of the issuance of shares, specifically adjusted to the U.S. depository shares per share price limit from 49.3 U.S. dollars to 43.31 dollars.

Auto November 5 announced an additional financing plan, according to the issuance plan, the company plans to put 8.5 million shares in the open market in the United States Depository Shares (ADS), including auto to provide 1.65 million ads, founder Li sell 250,000 ads, Australia Telecom, the largest shareholder, sold 6.6 million shares of ads.

Documents submitted to the Securities and Exchange Commission (SEC) by auto on the same day showed that ads had a maximum price of $49.3 per share, but documents submitted to the SEC last night showed that the company had lowered the top issue price per share to $43.31.

This is mainly because auto shares since the announcement of the date of the fall, from November 4 closing 50.19 U.S. dollars to November 12 of 43 U.S. dollars.

With ads of 43 dollars per share, the total amount of financing to be attributed to auto will be reduced from USD 81.345 million to $70.95 million, and the current quota for Li and Qantas will be lowered accordingly. (Xiao Feng)