Two shareholders to reduce the million music 1.45% shares benefited more than 100 million yuan

Million Home Music (000533.SZ) today announced that the company's second largest shareholder Foshan Shunde District Chen Village Xinda Industrial Development Co., Ltd. (hereinafter referred to as "Xinda industrial") reduce the company 10 million shares, the equivalent of 1.45% of the shares to yesterday, 11.72 yuan closing price calculation, the reduction should be more than 100 million yuan. Previously, the million home Lok chairman of the account has been oolong, 5-month 3-degree illegal trading stocks. But analysts believe that the reduction should be with the million home music itself is not a big deal, may be the letter Tatsu industrial own funds need to be caused.　　Xinda Industrial was founded in 1997, the main property management, leasing, building cleaning, business information consulting services, domestic business, materials supply and marketing industry.　　According to the announcement, the letter Tatsu industry owned million home music more than 127 million shares, accounting for 18.52%, the reduction of 10 million shares, the proportion of its share fell to 17.07%. Last year and earlier this year, in 5 months, million home music has been exposed to three-degree illegal trading stocks, the data show that the company's chairman and general manager Li's family January 5 in his own ignorance, the sale of its name securities account held 9375 shares, trading average price of 11.25 yuan. Li also had a short-term trading act last August, which was caused by the operation of the Li family.　　According to Li at that time, the family members in their ignorance, with its name securities account on August 3 to buy million home music 50,000 shares (the average price is 8.15 yuan), and then on August 4 to 8.17 yuan trading average price will be Li account of 12500 shares sold. Analysts believe that, although there have been illegal trading, but with the reduction does not seem to be too much correlation, and inquires million home music from the second half of last year to date the announcement, it does not appear to have been the shareholders of such a continuous reduction of escape signs. According to this analysis, the two shareholder reduction may be related to its own capital needs.