Jiangxi cement major shareholder to reduce the share of total shares of 5%

NetEase Financial November 9 News Jiangxi Cement Tuesday Evening issued a notice that the company's major shareholder Jiangxi Cement Limited liability company accumulated holdings of less than 5% to obtain cash and its debt owed. The announcement shows that November 8, 2010, Jiangxi Cement Co., Ltd. through the Shenzhen Stock Exchange two-tier market set bid to sell Jiangxi Cement 790,000 shares, accounting for 0.2% of total equity. Previously, on February 25, 2010, the Shenzhen Stock Exchange on the bulk trading platform to reduce the 19,000,000 shares, accounting for 4.8% of total equity.　　Since the previous disclosure of the report on the rights and interests of the cumulative reduction of 19,790,000 shares, reducing the proportion of the total has reached 5%. After the completion of the transaction, Jiangxi Cement Co., Ltd. also holds 180,129,908 shares of Jiangxi Cement, accounting for 395,909,579 shares of Jiangxi Cement 45.5%.　　51,000,000 shares were pledged to Jiangxi International Trust Co., Ltd. on January 8, 2010. The announcement shows that Jiangxi Cement Co., Ltd. held 199,919,908 shares of Jiangxi Cement before the reduction, accounting for 50.5% of the total shares of listed companies, is the only listed company holding more than 5% of the shareholders. The reduction is to solve the historical problems, reduce the stock to obtain cash, in order to return the loans they owe.