On April 11, Qinshang Optoelectronics released an evening announcement that the company recently received a notice from the company's controlling shareholder, Dongguan Qinshang Group Co., Ltd. (hereinafter referred to as “Qinshang Groupâ€), and Qinqin Group has already handled part of the pledged repo. The company shares of the formalities will be purchased in advance, and the relevant information is hereby announced as follows:
On February 1, 2016, Qinshang Group pledged its 6.44 million shares to CITIC Securities Co., Ltd. for the stock pledged repo business. (For details, please refer to the “China Securities Journalâ€, “Securities Timesâ€, “Shanghai Securities Newsâ€, “Securities Daily†and Juchao Information Network on February 3, 2016, regarding the controlling shareholder’s share pledged repo Announcement of the transaction").
On April 8, 2016, Qinshang Group purchased the above-mentioned 6.44 million shares in advance and handled the relevant procedures at China Securities Depository and Clearing Co., Ltd. Shenzhen Branch.
Up to now, Qinshang Group holds a total of 101,986,148 shares of the company, accounting for 27.22% of the company's total shares; of which 95,360,000 shares are pledged, accounting for 25.45% of the company's total shares.
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