New five Fung intends to use 25 million yuan for their own funds to purchase shares

NetEase Finance March 4 News of the new five Fung 4th announced the announcement, the company and holding subsidiaries to use not more than 25 million yuan of its own funds to carry out new shares purchase.　　New five Fung said, in order to improve the use of idle funds in the company, without affecting the normal production and operation of the situation, the Board agreed that the company and holding subsidiaries use idle funds to carry out new shares purchase, that is, in addition to raising funds, loans and special funds, such as private funds. New five Fung said, the purchase of newly-listed shares, in principle should be in the IPO after the first trading day selling.　　If there are four consecutive IPO closing price below the IPO price or the company used to purchase new shares in a certain period of time lower than the same period of bank deposit interest rate of one of the two situations, will terminate the purchase of new shares, and to continue to apply for new shares to the general manager room for consideration.　　The new five abundant at the same time said that the funds used are limited to the stock market for online new shares purchase, the company's purchase funds may not be used to entrust financial or two-tier market to buy shares and other investments. The new five Fung 4th after the low open concussion higher, closed up 2.76%, reported at 10.81 Yuan.