Lin Guofang, Chairman Of Fuanna, Announced The Termination Of The Reduction Plan.

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > fuanna < /a > announced recently that the company has recently received notice from the controlling shareholder and chairman Lin Guofang that it decided to adopt other ways to solve the problem of cultivation mode and capital demand of the new industrial growth point, decided to terminate its reduction plan ahead of schedule, and promised not to reduce the company's shares within 12 months from the date of the announcement.

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< p > December 24, 2013, Lin Guofang announced that in order to optimize the shareholder structure of the company, the company increased the liquidity of the two tier market shares, allowing more investors to share the company's future performance growth and value enhancement, meeting the needs of individual investment and cultivating new industrial growth points.

It intends to reduce the holding company's part a href= "//www.sjfzxm.com/news/index_cj.asp" > stock > /a > in the next 6 months from December 26, 2013, and it is estimated that the total amount of reduction will not exceed 7% of the total share capital of the company.

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4 days later, P added that in order to reduce the impact of the reduction on the market, Lin Guofang decided to change the mode of share pfer to a reduction through bulk trading system or agreement pfer.

With fuanna's total share capital and stock price at the time, if Lin Guofang's top price reduction, the cash amount will exceed 300 million yuan.

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< p > April this year, Lin Guofang revealed at the fuanna shareholders' meeting that the business of listed companies will shift from simple bedding to large household businesses including all kinds of products under the bed. The new products include carpet, sofa and so on.

Taking into account the risk of the incubation period of innovative home projects and avoiding the impact on listed companies, he will invest with his own capital, and then choose to inject into the listed companies after the project is mature.

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< p > however, Lin Guofang did not implement the plan of < a href= "//www.sjfzxm.com/news/index_cj.asp" > < /a > before.

At present, Lin Guofang holds 170 million shares of fuanna, accounting for 40.49% of the total share capital.

Among them, the tradable shares with unlimited sale conditions are 42 million 433 thousand and 900 shares, and the tradable shares with limited sales conditions are 127 million shares.

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