Financials Sep 27, 2021 09:05 PM (GMT+8)
Financial Associated Press, September 27, the reporter learned this evening that the summary of * ST foundation reorganization plan, * ST foundation will increase 20 shares for every 10 shares based on the existing stock of about 3.908 billion shares, and increase about 7.815 billion shares. Among them, about 3.3 billion shares are used to introduce strategic investors, part of the share transfer price is used to pay the restructuring expenses and pay off relevant debts of 21 companies, and the rest is used to supplement working capital; About 1.583 billion shares were paid off to some creditors of 21 companies at a certain price to pay off the corresponding debts; About 297 million shares obtained by the controlling shareholders and their controlling shareholders were cancelled to fulfill the performance commitment compensation obligation, and about 1492 million shares were backfilled to the listed company to offset the debt; About 1.142 billion shares obtained by minority shareholders are reserved by themselves. After the cancellation of performance commitment shares, * ST's total share capital is about 11.425 billion shares.
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