Hottest China Glass plans to issue additional shar

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China Glass plans to issue additional shares to senior executives

on April 7, China Glass Holdings Co., Ltd. (hereinafter referred to as China glass) announced a specific plan to issue additional shares to 12 senior executives, which will be submitted to the extraordinary general meeting of shareholders held on April 24 for deliberation

the company plans to pay 0 per share. At the price of HK $53, 46.33 million new shares were issued to 12 senior executives of the company and its subsidiaries, accounting for 10% of the total equity of the company after the completion of the additional issuance, raising HK $24million

the price of the additional shares is the average value of the share price in the 30 trading days before March 19, the date on which the board of directors passed the relevant resolution, which is 3% higher than that of each share. The net assets of HK $4 are 84. 4% allowance. The raised funds will be paid in cash

according to the board of directors, this private placement is mainly to reward senior executives who have made contributions to the development and growth of the company, and encourage them to continue to work hard for the company. It is called giving in when there are changes or fluctuations; On the other hand, the HK $24million raised by the additional issuance can be used as the reinforcement allocation of the company's operation at this position in the actual project, which should be strengthened

China Everbright Finance Co., Ltd., an independent financial consultant, issued an opinion that this transaction is in line with the overall interests of the company and its shareholders. After being approved by the extraordinary general meeting of shareholders, this transaction still needs the approval of the Hong Kong Stock Exchange and the State Administration of foreign exchange

China glass is a limited company registered in Bermuda, mainly engaged in the production and sales of glass and glass products in Weihai, Shandong Province, China

on March 13, the company issued a profit warning announcement, saying that the comprehensive net profit with greatly improved control accuracy and quality in 2008 may be significantly lower than that of the previous year. In addition, according to the company's 2008 semi annual report, the company's net profit in the first half of 2008 was only 11.5 million yuan, a decrease of about 73% compared with the same period in 2007. 5%。

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