Xinyi Glass up to 7% share rights and large shareholder reduction

Xinyi Glass allotment and large shareholder reduction, drag down the company's shares this morning down 6.85%, low see 5.85 yuan, but keep the price, the latest reported 5.87 Yuan, fell 6.53%, turnover 1.018 billion yuan. Xinyi Glass announces that, at $5.8 per share, in the new way, 90 million shares will be allocated for 522 million yuan, with an estimated net amount of $513 million to be used for debt repayment, general operating funds and solar film conductive glass for the group (TCO)　　and ultra-white photovoltaic glass and related products production facilities to provide some funds.　　The selling price is about 7.64% of the closing price of 6.28 Yuan yesterday, and about 5.08% of the shares issued after the expansion. In addition, the Hong Kong Xinyi Glass controlling shareholder also sold 80 million shares, which is about $464 million, and the shareholding was reduced from 63.15% to 55.44%.