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Hongda High-Tech: Seize Market Opportunities to Reduce 11.15 Million Shares of Haining Picity

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On November 27th, Jinshi Data reported that Hongda Gaoke announced that the company has seized market opportunities and sold part of its holdings of Haining Leather City stock (hereinafter referred to as the ‘transaction’). As of the date of the announcement, the company has sold a total of 11.15 million shares of Haining Leather City through centralized bidding trading on the securities exchange, with an average transaction price of 6.4268 yuan per share and a total transaction amount of 71.6589 million yuan (excluding stamp duty and transaction commission). The company’s shareholding after this reduction accounts for 0.87% of the total share capital of Haining Leather City. After this reduction, the company still holds a total of 19.15 million shares of Haining Leather City’s unrestricted shares, accounting for 1.49% of the total share capital of the company.

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