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Xinye Textile Issuance Shares Were Closed By Shareholders On The Day Of Lifting The Ban.

2011/6/2 13:45:00 55

Xinye Textile Additional Shares Sell Off

In May 2010, it paid 494 million yuan to subscribe for Xinye.

Spin

(002087) the 8 investors in the 90 million share issue market now seem to have to figure out how to ensure this.

Investment

Income.

Some of them, I am afraid, have chosen to bag for safety.


Xinye textile 126 million share issue was lifted in May 31st. On the same day, there were 5 million 400 thousand shares trading on the block trading platform. The buyer came from 3 business departments, and the seller was the same as the Nanjing West Road securities business department of UBS Securities Shanghai.

Meanwhile, on the 31 day, Xinye's textile volume dropped, and volume increased to 20 million 560 thousand shares, equivalent to 7 times the volume of trading on the previous trading day, down 2.89% on the same day, closing at 5.04 yuan / share.


From bulk

paction

In terms of paction price, only 1 million 400 thousand shares were traded at the price of 5 yuan / share, while the remaining 4 million shares were traded at 4.75 yuan / share, which is even lower than the lowest price of Xinye textile on the 31 day in the two level market - 4.77 yuan / share.

It is difficult for the same business department to continuously sell at a low price, so it is difficult not to allow the outside world to link up the 5 million 400 thousand block trading data with the restricted issuance of shares that have just been lifted.


In September 2009, Xinye textile raised 500 million yuan, and planned to invest 278 million yuan in the pure cotton combed compact spinning production line, 277 million yuan in Xinjiang Akesu lint processing base and pure cotton combed yarn production line.

In May 2010, the company's targeted placement was successfully implemented. The 8 investors, including Ling Jun, Dai Xiaoyuan and Shanghai securities limited liability company, finally acquired 90 million shares in the 5.49 yuan / share price (4.57 yuan / 20.13% higher than the base price of the additional offer).

With the increase of the company in the middle of 2010, the shareholding cost of this part of the additional shares was diluted to 3.92 yuan / share.


In May 31st, Xinye's textile industry closed at 5.04 yuan / share. The investment in the past year has brought a 28.57% return on investment for the 8 investors mentioned above.

Some market participants believe that Future Ltd's share price will still bear a certain degree of pressure due to the fact that the company's stock price still has room for profit for shareholders who subscribe for the issuance of additional shares.

Xinye textile issuance shares were closed by shareholders on the day of lifting the ban.



 
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