Core Viewpoint - Liu Lianjun, the controlling shareholder of Hongqiang Co., Ltd. (002809), announced a share reduction plan to fund a high-end elderly care project in his hometown, which is not for profit [2][3]. Group 1: Share Reduction Plan - Liu Lianjun plans to reduce his holdings by up to 6.3478 million shares, representing no more than 3% of the company's total share capital, between August 11 and November 10 [2]. - The estimated cash amount from this reduction is approximately 0.78 million yuan, based on the current share price of 12.36 yuan per share and a total market capitalization of 2.6 billion yuan [2]. - The reduction is attributed to personal funding needs, specifically for a social responsibility project in Chengde City, Hebei Province [2][3]. Group 2: Elderly Care Project Details - The elderly care project will cover an area of 8,266 square meters with a building area of 19,300 square meters, and is expected to require a total investment of about 150 million yuan [2]. - The project aims to provide approximately 350 beds, including 264 beds for semi-disabled and fully disabled elderly individuals, and 18 beds for those with cognitive disorders [2]. - The facility will also include a first-level traditional Chinese medicine hospital with 68 rehabilitation beds, and is expected to be operational by 2027 [2]. Group 3: Company Performance and Market Context - Liu Lianjun currently holds 45.12% of Hongqiang's shares, and the share reduction will not lead to a change in control or significantly impact the company's governance or ongoing operations [3]. - The company has not experienced a decline in share price below its net asset value, and its cumulative cash dividends over the past three years have not been less than 30% of the average annual net profit [3]. - Hongqiang's stock price saw a significant increase of 153% from April 9 to May 16, 2023, before experiencing a decline, although it remains 65% higher than its low point earlier in the year [3][4].
回馈家乡 红墙股份实控人拟减持投建养老项目