CITIC Securities cash profit reduction of South glass 32.37 million shares

Securities Times reporter Li Kun as expected by the market, after the Ping An trust to cash in profits, Citic Securities (600030) also began to fulfill due to the August 2007 to participate in the South Glass A (000012) directional additional and realize the huge profits. Today, the announcement of the change in the rights and interests of Nan Bo, since the release of the October 20 this year, Citic Securities in the closing period from October 21 to November 5 through the Shenzhen Stock Exchange to concentrate on the sale of a centralized auction of the shares 30.87 million shares of CSG a, accounting for 1.49% of the total capital of CSG　　To sell the 1.5 million shares of CSG A, which accounts for 0.07% of South Glass's total equity, to below 5% per cent of its holdings. As of November 5, Citic Securities still hold CSG A1.04 billion shares, which accounted for 4.99% of the total equity of CSG A, all for the circulation of a shares. Prior to the reduction, Citic Securities held the South Glass A-share 136 million shares, accounting for the South Glass total capital of 6.55%.　　Citic Securities said the next 12 months may continue to reduce its holdings of CSG a circulation shares. According to the South Glass A at that time directional additional result, August 2007 to 8.00 yuan/share price directed additional issue 173 million shares, the subscription object for the Ping An trust, Citic Securities, Zhejiang Paradise Silicon Valley Peng Cheng Venture Capital Limited, China Huajian Investment Holding Co., Ltd. and other companies. Since May this year, CSG A has implemented the 2009 profit distribution scheme to distribute $3.5 (including tax) to all shareholders in each 10 shares, and to increase equity by capital accumulation to 7 shares per 10 shares. These 173 million shares actually turned into 294.1 million shares. The closing price of CSG A was 21.34 yuan/share yesterday, up 6.81%.