ZTE's major shareholder is over 1.2 billion yuan

Xinhua News (Reporter Gu Xiaoyu) Yesterday, the reporter learned that ZTE's controlling shareholder Shenzhen ZTE New Communications Equipment Co., Ltd. on June 13, 2011 through the bulk of trading methods to reduce the amount of ZTE 1.255 billion yuan, which also set the Shenzhen a single large transaction volume record. The announcement showed that ZTE's 48.495 million share of ZTE's shares accounted for 1.69% of ZTE's total share capital and a reduction of 25.88 yuan/share. In accordance with this average price calculation, through the reduction, ZTE New total set of 1.255 billion yuan. After the reduction, ZTE still holds 881,826,620 shares of ZTE, accounting for 30.76% of ZTE's total equity, and remains a controlling shareholder in ZTE. In addition, ZTE said that the next 6 months in a row through the securities trading system to sell the shares will be lower than ZTE shares the total number of 5%.　　In other words, ZTE may continue to reduce its share of ZTE. Public data show that ZTE's shareholders are more complex, its controlling shareholder ZTE New 3 companies jointly established, of which state-owned large-scale scientific research institutions XI ' an microelectronics holds 34% equity, state-owned enterprise Aerospace Guangyu holds 17% shareholding, private enterprises ZTE has a 49% stake in the first pass.　　ZTE's legal representative Houweigui is also chairman of ZTE. ZTE insiders disclosed that the ZTE's new reduction for "strategic" reduction, does not represent ZTE's new business development of ZTE have any views.　　In addition, the source said, ZTE's new reduction, or with ZTE's internal plan to implement the employee incentive plan. In the reduction of large shareholders at the same time, the market is enthusiastic about ZTE. In the first quarter of this year, ZTE remained among the top 10 stocks of the Fund, with the number of heavy warehouses rising from 55 at the end of last year to 76, while the fund's shareholding grew by 3.0745 million shares, and its shareholding increased by 1.18 billion yuan. After entering June, the fund raised $200 million again, showing a keen interest in ZTE.