Core Viewpoint - The report details the share transfer of Hunan Xiangtou Jintian Titanium Industry Co., Ltd., where the National Industry Investment Fund reduced its stake from 20.33% to 15.43% through a block trade of 22,662,500 shares at a price of 15.39 yuan per share [2][5][18]. Group 1: Share Transfer Details - The share transfer price was set at 15.39 yuan per share, with a total of 22,662,500 shares being transferred [2][5]. - The National Industry Investment Fund's shareholding decreased from 20.33% to 15.43%, marking a change that touches the 5% threshold [2][5]. - The transfer does not result in a change of control for the company, as the controlling shareholder remains unchanged [2][5]. Group 2: Transferor Information - The transferor, National Industry Investment Fund, held 94,028,362 shares before the transfer, representing 20.33% of the total share capital [5][17]. - After the transfer, the number of shares held by the fund decreased to 71,365,862, which is 15.43% of the total share capital [5][17]. - The transferor is not a controlling shareholder, actual controller, director, or senior management of the company [3][5]. Group 3: Transfer Process - The transfer process involved sending subscription invitations to 436 institutional investors, including various types of funds and financial institutions [6]. - A total of 36 valid bids were received during the subscription period, with 27 investors ultimately allocated shares [6]. - The pricing mechanism was based on the average trading price of the stock over the previous 20 trading days, ensuring the transfer price was not below 70% of this average [6]. Group 4: Regulatory Compliance - The transfer process was reviewed by CITIC Securities, which confirmed compliance with relevant laws and regulations, ensuring fairness and transparency [7]. - The transfer adhered to the guidelines set forth by the Company Law, Securities Law, and other regulatory frameworks governing the stock market [7]. Group 5: Future Considerations - The National Industry Investment Fund indicated that it may consider further changes to its shareholding in the next 12 months based on market conditions and its own financial needs [14][16]. - The fund has committed to fulfilling its disclosure obligations in accordance with applicable laws and regulations [16].
湖南湘投金天钛业科技股份有限公司股东询价转让结果报告书暨持股5%以上股东权益变动触及5%整倍数的提示性公告