China South car controlling shareholder plans to spend 1 billion overweight shares

NetEase Financial July 1 News China South Car evening announcement, the company's holding shareholder South Vehicle Group on July 1 through the SSE trading system to increase the company shares 2 million shares.　　This increase in the former South Car Group Holdings of the company's shares of 6.422 billion shares, about the company has issued the total shares of 54.25%, this increase in the South Car group holding the company shares of 6.424 billion shares, about the company has issued the total shares of 54.26%.　　South Vehicle Group intends to continue in the next 12 months timing increase in the company's shares, the cumulative increase in the proportion does not exceed the company has issued total shares of 2%, the total amount of investment not more than 1 billion yuan. South Vehicle Group is committed to increase the period and the legal period does not reduce its holdings of the company shares.