On August 19th, according to Caihua News Agency, Zhen Mingli (01868-HK) announced that the agreement to place 1 billion new shares to Tsinghua Tongfang (600100-CN) has become unconditional. Upon completion, Tsinghua Tongfang and parties acting in concert held 52.28% of the company's share capital.
The resolution of the Mandatory Wholesale Offer for the Mandatory Wholesale Offer was not passed by the Shareholders. The number of negative votes accounted for 68.76%. As the second resolution has not yet been passed, Tsinghua Tongfang said at the time that it is considering whether it will proceed with the subscription. At present, Tsinghua Tongfang has completed the relevant transactions.
The shares will resume trading today. After the resumption of trading, Zhen Mingli rose 19.1% to 1.87 yuan.
The resolution of the Mandatory Wholesale Offer for the Mandatory Wholesale Offer was not passed by the Shareholders. The number of negative votes accounted for 68.76%. As the second resolution has not yet been passed, Tsinghua Tongfang said at the time that it is considering whether it will proceed with the subscription. At present, Tsinghua Tongfang has completed the relevant transactions.
The shares will resume trading today. After the resumption of trading, Zhen Mingli rose 19.1% to 1.87 yuan.
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