CEFC Hengyuan reduced its holding of 500,000 shares in Huatian Hotel and will continue to implement the reduction plan in the later stage

Opinion Network News: On January 19, Huatian Hotel Group Co., Ltd. issued an announcement that the company received the "Notification Letter on the Progress of The Reduction of Shares" issued by shareholder CEFC Hengyuan, and CEFC Hengyuan has reduced its holdings by a total of 500,000 shares through centralized auction transactions, with an average price of 3.28 yuan / share, and the proportion of reduction is 0.049%, and the reduction plan will continue to be implemented through centralized auction transactions in the later stage.

According to the new media, Huatian Hotel disclosed the "Pre-disclosure Announcement on the Reduction of Shares held by Shareholders Holding More Than 5% of the Shares" on November 17, 2021, and Hunan Huaxin Hengyuan Equity Investment Enterprise (Limited Partnership), a shareholder holding 232.5 million shares of the company's shares (accounting for 22.82% of the company's total share capital), plans to reduce its holding of no more than 1 million shares of the company's shares by means of centralized bidding, that is, no more than 0.098% of the company's total share capital. The reduction period is within 3 months after 15 trading days from November 17, 2021.

It is also reported that before the reduction, CEFC Hengyuan held a total of 232.5 million shares of Huatian Hotel, and after the reduction, the number of shares held was changed to 232 million shares, accounting for 22.77% of the total share capital.

This article originated from the viewpoint real estate network