After a year and a half,Yangtze PowerRaise the placard againLaurel PowerAnd said it will continue to increase its holdings.
Laurel PowerThe evening of June 18announcementSaid that the company receivedshareholderYangtze PowerNotice,Yangtze PowerIncreased its holdings through the trading system of the Shanghai Stock Exchange on June 17Laurel Power100,000 shares, accounting for about 0.0013% of the company’s total share capital. After the increase,Yangtze PowerCumulatively holds approximately 788 million shares of Guiguan Power, reaching 10% of the total share capital, and all of them are unrestricted shares.
The quarterly report previously disclosed by Guiguan Power showed thatYangtze PowerIt is currently the third largest shareholder of Guiguan Power. The largest shareholder China Datang Group holds 51.55% of the shares, and the second largest shareholder Guangxi Investment Group holds 22.13%.
The announcement shows that this equity change will not lead to changes in the company’s controlling shareholder and actual controller, and the company’s controlling shareholder is still China Datang Group.The main reason for the increase in holdings isYangtze PowerThe recognition of the company’s business philosophy and development strategy is optimistic about the company’s future development prospects.
Yangtze Power said that in the next 12 months, it will continue to increase its holdings of Guiguan Power’s shares by no less than 1 million shares based on the overall conditions of the securities market and taking into account the development of Guiguan Power and its stock price.
Yangtze Power’s first plaque of the laurel power took place on November 25, 2019. Yangtze Power purchased 127 million shares of Guiguan Power (1.61% of the company’s total share capital) at an average price of 4.79 yuan per share on November 25, 2019, at a total cost of 606 million yuan. Before the equity change, Yangtze Power held 341 million shares of Guiguan Power, accounting for 4.32% of the company’s total share capital. After the equity change, Yangtze Power holds a total of 5.93% of Guiguan Power.
Yangtze Power stated at the time that it plans to continue to increase its holdings of Laurel Power by no less than 1 million shares in the next 12 months. Since then, Yangtze Power continued to buy the shares of Laurel Power until the second plaque was completed on June 17 this year.
As of June 18, the listed companies of Yangtze Power that hold 5% or more of the shares in China and overseas haveShenergy、Hubei Energy、Guangzhou Development、Three Gorges Water Conservancy、SDIC Power、Sichuan Investment Energy, Laurel Power, Peru Ludes.
(Source: Shanghai Securities News)
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