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Service Hotline 400-8878-318
Sany Heavy Industry Sany Heavy Industry Co., Ltd. (SH:600031)
Trinity International Sany International (HK:00631)
Sany Renewable Energy Sany Renewable Energy (SH:688349)

Comment: Applaud "Sany Heavy Industry".

  • 2008.06.19

Huawang Shanghai on June 18On June 18, the Shanghai and Shenzhen stock markets, which got rid of the "ten consecutive yin", ushered in a strong rebound. The same eye-catching as the huge increase of more than 5% is an announcement by Sany Heavy Industry of "share reform * 5656 shares".

According to the announcement, Sany Group, the major shareholder of Sany Heavy Industry, voluntarily extended the lock-up period of unrestricted shares for 2 years, and promised not to reduce its holdings through the secondary market when the stock price was less than twice the closing price on June 16.

In the context of the unabated pressure of lifting the ban on "big and small" and the frequent cases of illegal reduction, Sany Group's "abnormal" behavior can't help but make people applaud. Because this move not only conveyed to the market its confidence in the business prospects of listed companies, but also changed investors' impression that "big and small" shareholders are mercenary and ignore the interests of shareholders of tradable shares.

In fact, as one of the 5,656 listed companies in China's stock market that has initiated and implemented the reform of equity division, Sany Heavy Industry has taken the lead in achieving full circulation, and it is understandable for Sany Group to sell off the shares that have been lifted. However, at a time when the stock price continued to fall and investor confidence was unstable, Sany Group resolutely took the voluntary move of extending the lock-up period, which fully reflected its sense of social responsibility as a "corporate citizen".

People are looking forward to the fact that China's stock market will be able to have more "Sany Heavy Industry" and more listed companies that take maintaining market stability and safeguarding the interests of investors as their own responsibility. (Reporter Pan Qing)

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