On June 12, Suzhou Dongshan Precision Co., Ltd. issued an announcement concerning the adjustment of the reserve price and the number of issuance of non-public offering shares after the 2011 annual equity distribution plan.
The announcement stated that the pricing benchmark date for this non-public offering of shares was the announcement date of the resolution of the thirteenth meeting of the second board of directors of the company (April 20, 2012). The issuance price of this non-public offering of shares is not less than 90% of the average price of the company's stock trading on the 20 trading days before the pricing benchmark date, that is, not less than 17.39 yuan/share. After the company's 2011 annual profit distribution and capital reserve fund transfer to share capital program implementation, the issuance price of this non-public offering of shares is adjusted to not less than 8.65 yuan / share.
After the implementation of Dongshan Precision's 2011 profit distribution and capital reserve fund transfer plan, the number of non-public offerings of the company was adjusted to no more than 124.97 million shares (including 124.97 million shares).
The announcement stated that the pricing benchmark date for this non-public offering of shares was the announcement date of the resolution of the thirteenth meeting of the second board of directors of the company (April 20, 2012). The issuance price of this non-public offering of shares is not less than 90% of the average price of the company's stock trading on the 20 trading days before the pricing benchmark date, that is, not less than 17.39 yuan/share. After the company's 2011 annual profit distribution and capital reserve fund transfer to share capital program implementation, the issuance price of this non-public offering of shares is adjusted to not less than 8.65 yuan / share.
After the implementation of Dongshan Precision's 2011 profit distribution and capital reserve fund transfer plan, the number of non-public offerings of the company was adjusted to no more than 124.97 million shares (including 124.97 million shares).
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