The Yellow River whirlwind announced on the evening of November 28 that the company's controlling shareholder Henan Huanghe Industrial Group Co., Ltd. plans to increase its holdings at a price of no more than 10 yuan per share in the next 12 months from November 29, 2012. At 0.5%, no more than 2% of the company's total share capital. This price is more than 73% above the company's latest closing price of 5.78 yuan. At the same time, the Yellow River Group promised not to reduce its shareholding in the company within the statutory time limit after the increase. According to the data, the company released a non-public offering plan on November 9. The company intends to issue no more than 120 million shares to no more than ten specific investors including the controlling shareholder Huanghe Group. The issue price is not less than 6.72 yuan/share, and the raised funds are not more than 774 million yuan, which is used to invest in high-grade superhard. Material single crystal industrialization project. Among them, the number of subscriptions of the Yellow River Group is not less than 10% of the total number of shares issued this time and not higher than 25% of the total number of shares issued this time.
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