China satellite receives 2.86 million shares

Now Network news China Satellite announced yesterday, the company was a wholly-owned subsidiary shareholder Holdings increased by 2.86 million shares. Spurred by the news, the unit rose more than 6% per cent yesterday.　　As of yesterday's close, the shares rose 3.01% and reported 20.54 Yuan.　　The company announced that the holding shareholder of China Aerospace Technology Group Co., Ltd., a wholly-owned subsidiary of Aerospace Shenzhou Investment Management Limited, bought 2.86 million shares in the two-tier market on June 21, accounting for 0.41% of total equity. According to the disclosure, before this increase, Shenzhou investment did not hold the company's shares. After the increase, the total shareholding of China investment in the five institutions and concerted action of the controlling shareholder is 51.73%.　　Five Yuan and Shenzhou investment in the next December since the date of the increase, from the two-tier market continued to choose overweight, the cumulative increase in the proportion does not exceed the company has issued a total share of 2% (including this has been overweight part). The five Chambers undertook that the five yuan and its concerted action persons should not reduce the holdings of the shares of the company in the period of overweight and the legal period.