OFweek smart home network news yesterday, Shenzhen Stock Exchange website shows, Gree Electric Director Xu Zifa made a bid on May 22, through the auction transaction to reduce holdings of 400825 shares of the company, the average transaction price of 33.45 yuan / share. The market questioned the alleged illegal reduction.
Xu Zifa said that this reduction is less than six months before the last increase in holdings. According to the Shenzhen Stock Exchange, Xu Zifa passed the bidding transaction on November 24, 2016, and increased the company's 575,300 shares at an average price of RMB 26.39 per share. According to Article 47 of the "Securities Law", directors, supervisors, senior management personnel of listed companies, and shareholders holding more than 5 percent of the listed company's shares will hold six shares of the company after they buy the shares. Selling within the month, or buying it within six months after the sale, the proceeds will be owned by the company, and the board of directors of the company shall recover the proceeds. Prior to Xu spontaneous spouse Han Fenglan also was questioned in the window period of reduction of the company's shares of 730,800 shares.
The relevant person in charge of the Gree Electric Appliance Marketing Department said last night that according to his understanding, Xu Zifa was reduced through the Hebei Securities Company, and within the legal scope, it was completely legally compliant.
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