Lehman reduction was the Shenzhen stock exchange supervision company personnel "innocence" is no longer committed

In August 20th, the Shenzhen Stock Exchange website published the relevant regulatory measures in the regulatory information column said, Lehman photoelectric for actual controller and concerted action in the reduction of up to 5%, in failing to fulfill their reporting and disclosure obligations according to the provisions of the situation, violations continue to reduce the Shenzhen Stock Exchange was issued a letter of regulatory supervision measures. In this regard, the reporter a telephone interview with the board of directors of Lehman photoelectric office staff, the person said, the shareholders of the company in the reduction of disclosure problems, mainly on the regulatory requirements of the deviation of understanding, the future will be in the Shenzhen Stock Exchange and strengthen communication, to avoid such situations from happening again.

Company officials have no intention to touch the rules

In fact, the reduction of Lehman photoelectric cross the line is a bit injustice, because in August 7th the company has released "on the controlling shareholder and actual controller reduction plan shares announcement", the announcement said: Li Mantie, Wang Lishan, Li Chen, Jason will have to invest four shareholders from August 12, 2014 to February 11, 2015 a total reduction of 10 million shares planned reduction of the proportion of 7.46%. In August 19th, Lehman photoelectric announcement, corporate shareholders holding more than 5% of the shares of Urumqi jade equity investment partnership with large holdings of shares trading 2 million 200 thousand shares, accounting for 1.64% of the total share capital. After this reduction, jade investment still hold more than 5% of the shares of shareholders of the company, the shareholders of the company Li Mantie, Wang Lishan, Li Yuezong and Li Chen as the company's controlling shareholder and actual controller.

The other day the company issued a brief report on changes in equity so that the Shenzhen Stock Exchange found the wrong place. The report said: January 14th to August 18th this year, Li Yuezong, Li Chen, Xu Xi, Haier investment investment four shareholders total holdings of shares 9 million 125 thousand shares, reduction ratio reached 6.81%, more than 5%. Prior to the company has never published a reduction of more than 5% of the announcement, the only reduction of 1.64%, why the cumulative reduction of the number of up to 6.81%? Under investigation, found that the company did not announce when the reduction reached 5%.

In this regard, according to the relevant personnel, in August 14th the controlling shareholder board office staff told the holdings of 80 thousand shares, while the shareholders have invested Jie said on August 14th holdings of 2 million 200 thousand shares, due to the announcement simple changes in equity book is understood after the reduction of the proportion of shareholders reached or exceeded 5% of the announcement, so the two holdings merger announcement. The person said, the company has been in strict compliance with laws and regulations of information disclosure, unintentional touch regulation, this is not intentional, in the future the company will gain experience in this area, particularly careful near the critical reduction in the proportion, to avoid such situations from happening again.

Appropriate reduction is intended for financial needs

It is understood that Li Mantie and other four shareholders to reduce the price from 13.70 yuan / share to $23.72 per share, the cumulative amount of cash to reach 141 million yuan. Currently, Li Mantie and other four actual controllers still directly or indirectly holds shares of the company's shares of 90 million 275 thousand, accounting for the total share capital of 67.37%.

In an interview with reporters, company officials said that the company's holdings of actual control, is not optimistic about the prospects of the company, the LED industry is warmer, many institutional investors are quite optimistic about the sector, the major shareholder of appropriate holdings, one is for their own financial needs, the two stake is too high. Liquidity is too small, is not conducive to the company's shares in the two trading on the market. She believes that the actual control of the company is not as some media reported that, in spite of the illegal mad holdings, but before the Spring Festival next year, still plans to hold about 60% of the shares.

Reporters also noted that in August 15th the majority of shareholders through the bulk trading platform to reduce the day, Lehman's share price in the closing 5 minutes before the daily limit. The exchange charts show in the top three seats to buy in all institutions trading seats, the purchase amount is 12 million 40 thousand yuan, 6 million 790 thousand yuan, 6 million 780 thousand yuan. And sell seats are quite concentrated, only one reached 39 million 390 thousand yuan, and the rest are less than $2 million 800 thousand, and there is no one seat, indicating that the stock is indeed a lot of institutions.

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