subject: Su Ning, A Veteran Has Exceeded 600 Million Yuan Cash Price Rise, Not Fall - Su Ning, Zhang Jindong, [print this page] One of the 4 major founding shareholders, the incumbent Suning sale
Service
Management of logistics director Zhao Pei recent frequent cash concern. From Suning Appliance October 28, November 11 and November 18 issued a notice on the three terms, Zhao Pei has thrown Suning 2,412.52 million shares, 294 million for the Suning Appliance negotiable shares 8.2%, cash in more than six billion. However, Suning's share price rise, not fall, last Friday closing stock price had risen to 30.
Quarterly Bulletin from the three
Suning can be seen, Zhao Pei in September 30 when the holders of 3120.26 million shares (approximately 4.33% of total share capital), the number of shares after the Suning Appliance Chain Store Management Center Director, Emperor Guangwu, Suning Appliance's second-largest circulation for the shareholders. Publicly available information from the listed Suning to September 30 of the report period, Zhao Pei has not been underweight. But less than two months later, Zhao Bei suddenly a large number of holdings of shares in the hands of Suning Appliance, now only remaining 707.75 million shares of its name, reduction of speed is surprising.
In accordance with the share reform of the legal commitment, Zhao Pei in August 11, 2006 to August 10, 2007 between the maximum number of shares sold Suning had 5% of the total share capital. As before the share reform Zhao Pei was 5.12% stake, so until August 10, Zhao Pei can choose to sell the hands of 97.66%, or 3,047.25 million shares.
And Suning's share price sent shares of 10 stocks from 10, have been running smoothly, do not see Zhao Pei sell up to 8.2% of the outstanding shares of. In last Tuesday to Friday 4 days time, Suning's share price rose from 24.89 yuan to 30 yuan, or more than 20%.
According to media reports, holdings of shares to buy for Zhao Pei behavior, Suning Appliance
Securities
Service representatives, companies need to continually introduce new, young core, and for companies such as Zhao Pei, "veterans", as time goes on, the future will certainly have to step down, reducing the stock to make way for young people. But this argument is questionable.
Zhao Pei, after all, is an open reduction, rather than in the hands of the stock or transfer to Suning Appliance Suning internal staff, so this part of the stock reduction of Suning Appliance and staff may not be able to buy at that time, after the company's equity incentive if done may not need to "front" of the veterans to get this "quota"; that this is to make way for young people seems a little far-fetched. While Suning stock contrary Zhao Pei firm, planned reduction of cash, will not be as "behind" the executives made a "role model"? After all, Chao Bei Ji Geyi this reduction will be sitting on the net worth of good!
30 per share price according to current operator, Emperor Guangwu shares currently owned by Zhao Bei-like, as if the reduction to only a few hundred million shares of its holdings worth nearly 10 billion! And if the market value of the maintenance of current levels, Zhang Jindong, chairman of the 24-month lock-up period only a small amount of equity holdings in the hands, not loss of control, but also cash in one billion yuan, both for the company or individuals
