Stock Codes: 600801, 900933 Stock Abbreviations: Huaxin Cement, Huaxin B Share Ref: Lin 2011-003
Huaxin Cement Co., Ltd.
Announcement on Listing of Shares Subject to Conditional Sales
The Board of Directors of the Company and its members guarantee that there is no false or misleading statement or material omission in this announcement and shall be severally and jointly liable for the truthfulness, accuracy and completeness of its contents.
Important Notice:
¡ñ The listing amount of the shares subject to conditional sales this time is 75,200,000 shares.
¡ñ Listing date for the shares subject to conditional sales is February 16, 2011.
On Feb 4, 2008, the Company has issued 75.2 million RMB ordinary shares to its foreign investor Holchin B. V. (the original second biggest shareholder of the Company) through private placement in accordance with Measures for Strategic Investment by Foreign Investors upon Listed Companies. The total share capital of the Company has increased from 328.4 million to 403.6 million shares after the private placement.
As stipulated in Measures for Strategic Investment by Foreign Investors upon Listed Companies, Holchin B. V. shall not transfer the 75.2 million A shares acquired in the aforesaid private placement within three years. Meanwhile, Holchin B. V. also promised to restrict the circulation of the 85.7613 million B shares obtained before the aforesaid private placement within 3 years after the completion of the private placement.
As of Feb 4, 2011, the 3 year lock-up period of the aforesaid shares subject to conditional sales held by Holchin B. V. has expired. Consequently conditional sales of such shares shall be lifted since Feb 16, 2011.
After the listing of shares subject to conditional sales this time, the share structure of the Company shall be as follows:
|
Unit: Share |
|
Before the listing |
Change |
After the listing |
|
Shares
subject to
conditional sales |
1. Holchin B.V. |
75,200,000 |
-75,200,000 |
0 |
|
|
|
|
|
|
Subtotal |
75,200,000 |
-75,200,000 |
0 |
|
Listed shares
not subject to
conditional sales |
A share |
164,400,000 |
75,200,000 |
239,600,000 |
|
B share |
164,000,000 |
0 |
164,000,000 |
|
Subtotal |
328,400,000 |
75,200,000 |
403,600,000 |
|
Total |
|
403,600,000 |
0 |
403,600,000 |
It is herewith announced.
Huaxin Cement Co., Ltd.
Board of Directors
February 11, 2011
