Hisense Kelon selling stocks are nearly billion

Hisense Kelon recently continued to sell Chinese-Italian compressed stock.　　Yesterday, Hisense Kelon announced that as of August 2, a total of sales of Chinese-Italian compression stock 11.39 million shares, accounting for 3.51% of total equity, a total of 99.28 million yuan. In March this year, Hisense Kelon held a shares of 59.28 million shares to release all the restrictions. June 4, Hisense Kelon 2009 Annual general meeting to consider through the disposal of not more than 50 million shares of Chinese-Italian compression shares.　　Then Hisense Kelon continued to sell Chinese-Italian compressed shares, Hisense Kelon announced yesterday that the sale was completed, the Hisense Kelon still holds the shares of Chinese-Italian compression, from the beginning of the 18.26% to 14.76%. Hisense Kelon has not publicly sold shares to benefit from the specific use.　　For "Hisense Kelon cash flow problems, so sell the stock of blood" query, Hisense Kelon Dong Yu said, the company made the decision does take into account the investment income problem, the past one or two years the relatively meager capital gains. "In addition, it is the white electricity production season, the company bigger and stronger need to replenish cash flow for day-to-day production and operation." At present, the company has no cash flow problems, such as the handling of this part of the asset replenishment liquidity will be able to reduce the company's financial expenses, reduction of Chinese-Italian compression is a strategic decision, will be based on the market situation to implement concretely. "Huayi Compressor is mainly engaged in the production and sale of fluorine-free compressors, refrigerators and their accessories, and is the largest manufacturer of refrigerator compressors in China."