The company announced that a total of 535 mln restricted shares of the company will become tradeable on 26 Jun 2008. The holders of these shares include more than twenty institutional investors, including China National Machinery Industry Corporation, COFCO and China National Nuclear Corporation, each among the ten largest shareholders of the company.

The company was publicly listed on 26 Jun 2007 with approximately 6.34 bln A-shares. Shortly thereafter, a private placement boosted that amount to 7.64 bln total shares outstanding, including 6.39 bln restricted shares.

On 23 Jun 2008 the company's stock closed at RMB 18.85 per share, a record low. The record high for the stock was RMB 68.40 per share.


Source: China Business News

Date: 24 Jun 2008

CN01/MZ/BT/MM