Mingxin Xuteng's major shareholder plans to transfer up to 5.73% of shares
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Mingxin Xuteng New Materials Co., Ltd. announced on September 22 that its shareholder, Zhejiang Mingxin Asset Management Co., Ltd., plans to transfer up to 9,300,000 shares of the company, representing no more than 5.73% of total share capital, through a block trade agreement. The transfer will occur within three months starting three trading days after the announcement date. The price will be negotiated based on market prices and block trade pricing rules at the time of signing. As of the announcement, Mingxin Asset holds 23,519,800 unrestricted tradable shares, or 14.50% of the company's total equity.
Source report
September 22 (Jin10 Data) — Mingxin Xuteng New Materials Co., Ltd. has announced that Zhejiang Mingxin Asset Management Co., Ltd., a shareholder holding more than 5% of the company's shares, plans to transfer a portion of its holdings via a negotiated agreement.
Key Details
- Transfer method: Negotiated agreement (block trade)
- Timing: Within three months starting from the third trading day after the disclosure of this announcement
- Maximum shares to be transferred: No more than 9,300,000 shares
- Maximum proportion of total share capital: No more than 5.73%
Pricing Mechanism
The transfer price will be determined through negotiation based on the market price at the time of signing the agreement and the pricing rules for block trades.
Current Shareholding
As of the date of this announcement, Zhejiang Mingxin Asset Management Co., Ltd. holds 23,519,800 unrestricted tradable shares of Mingxin Xuteng, representing 14.50% of the company's total share capital.
Source
金十数据Neutral / independent