Core Viewpoint - The company Xinyi Technology (新易盛) announced a share transfer plan by its controlling shareholder, Gao Guangrong, with a preliminary pricing of 328.00 CNY per share, reflecting a discount of 6.6% compared to the closing price on October 9, 2023 [1][4]. Group 1: Share Transfer Details - Gao Guangrong plans to transfer 11.43 million shares, representing 1.15% of the company's total share capital, due to personal funding needs [4]. - The share transfer has received full subscription, with 29 institutional investors participating and a total of 29.26 million shares effectively subscribed, resulting in a subscription multiple of 2.6 times [1]. - The total market value of the shares to be transferred is approximately 3.749 billion CNY [4]. Group 2: Company Performance and Background - Xinyi Technology has experienced significant stock price growth, rising from 46.56 CNY in April 2022 to 401.10 CNY in September 2023, marking an increase of approximately 761% [4]. - As of October 9, 2023, the company's market capitalization stands at 349 billion CNY, with a closing price of 351.15 CNY per share [4]. - In the first half of 2025, the company reported revenue of 10.437 billion CNY, a year-on-year increase of 282.64%, and a net profit of 3.942 billion CNY, up 355.68% compared to the previous year [5]. - Gao Guangrong, born in 1969, is the chairman and one of the controlling shareholders of the company, having founded Xinyi Technology in 2008 after previous entrepreneurial attempts [4][5].
七倍牛股董事长,一把套现37亿元