Sea shares proposed 10 shares with not exceeding 3 shares raise capital 800 million yuan

NetEase Finance January 18 News sea shares in the evening issued a notice, the company intends to be in accordance with each 10 shares with no more than 3 shares to all shareholders, the number of not more than 120 million shares, the net amount of fund-raising no more than 800 million yuan, all used to supplement the company's liquidity and repayment of bank loans. The sea unit said that with the December 31, 2010 total share capital of 400 million shares as the basis, according to each 10 shares with no more than 3 shares to all shareholders placements, the total number of the allotment will not exceed 120 million shares. This issue is proposed to raise the net amount of funds not exceeding 800 million yuan, all to supplement the company liquidity and repayment of bank loans.　　The company's controlling shareholder, Hai Liang Group Co., Ltd. promised to subscribe to the shares in the company's allotment plan in full cash according to its shareholding ratio. At the same time, Sea shares said that the company intends to own funds, to 4.5 yuan per share of the price again to buy gold and Investment Co., Ltd. held the Red River Heng Hao Mining Co., Ltd. shares 10 million shares, the transaction amount of 45 million yuan.　　After the completion of the transaction, the company holds Heng Hao mining shares 50 million shares, Jian Henghao Mining after the issuance of 12.89% of total equity. As of January 18 closed, sea shares reported 14.98 Yuan, up 0.74%.