Smith Barney Tuesday night announcement that the company’s controlling shareholder Shanghai costumes Investment Limited 18 March 2014 to block trading companies tradable shares holdings of 5005 shares, representing 4.95% of total share capital, the average price reduction 9.88 yuan. By this calculation, the costumes investment of cash holdings of 494 million yuan. After this reduction, costumes and parties acting in concert Hu Jiajia invest a total 799 million shares held by Smith Barney shares, representing 79.07% of the total shares. According to the announcement, costumes and parties acting in concert Hu Jiajia investment contemplated since October 19, 2013 within six months from the reduction of approximately 10% stake in the company through block trading system. As disclosed in the announcement date, the program has finished, costumes total investment holdings of shares 101,000,000 shares, the cumulative reduction ratio of 9.98% According to data previously announcement shows calculations that, costumes investment holdings above 101 million shares of cumulative cash 1.206 billion yuan.
Chinese arts and crafts, Chinese clothing, Chinese cuisine, Chinese musical instruments
