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Ha Shares To Sell 50 Million Shares Of Minsheng Bank

2011/5/9 13:48:00 36

Kazakhstan Shares

Last year relied on selling.

Livelihood

Bank (600016) get

Profit

More than 200 million yuan of Kazakhstan shares (600864) plans to sell 50 million shares of Minsheng Bank again.


November 15, 2010 Hon investment Licensing companies

Management

From the period of one year's deliberation and approval, the shareholders' meeting can sell shares of China Minsheng Bank no more than 50 million shares.

By December 31, 2010, the company had sold 40 million 500 thousand shares of China Minsheng Bank belonging to the sale of financial assets.


According to the current market situation and the use of the company's funds, the Kazakhstan shares resolution sold the Minsheng Bank stock of all the financial assets belonging to the company after the sale of the company's shares, and sold again the shares of Minsheng Bank, which belong to the sale of financial assets, no more than 50 million shares (including the right), and the time limit was one year after the motion was approved by the general meeting of shareholders.


Ha investment annual report shows that in 2010, the investment income from the shares of Minsheng Bank accounted for 76.60% of net profit.

In the outlook for 2011, the company also indicated that it would strive to study the trend of the securities market, follow the changes in the operation of the Minsheng Bank and the stock price, and choose the right time to sell the Minsheng Bank shares in a timely manner so as to achieve better investment returns.

At the same time, in accordance with the authorization of the board of directors, we should increase capital operation and make short-term investments in new stock purchase, bond investment and securities two level market trading.

In addition, as the third largest shareholder and director unit of Founder Securities, Harbin investment shares also actively participate in the management of the company, prompting its early listing, making it a new highlight of the company's investment income.

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