On the night before, Qingdao Brewery Co., Ltd. (hereinafter referred to as: Qingdao beer, 600600. SZ) announced that, as a shareholder holding more than 5% of the total share capital of the company, peak Reinsurance Company Limited, an entity of Fosun International Co., Ltd., transferred 502000 H shares of the company from November 16 to 17, 2020 through centralized bidding, resulting in Five entities (synthetic Fosun Group) accumulated active reduction proportion of 5%.
It should be noted that Tsingtao Brewery is listed on both a and H shares. What Fosun Group reduced this time is Hong Kong shares. According to calculation, the amount of cash withdrawal by Fosun Group is more than 35 million Hong Kong dollars, about 30 million yuan. For the purpose of the reduction, Fosun Group said it was due to the normal investment and withdrawal arrangement.
In addition, the announcement also pointed out that from May 8, 2019 to November 17, 2020, Fosun Group reduced its holdings of 67.902 million H shares of Tsingtao Brewery through centralized bidding and block trading, with a reduction ratio of about 5%. After the reduction, Fosun Groups share proportion of Qingdao Brewery decreased to 12.84%.
On November 23, the closing prices of Yanjing beer and Qingdao beer were 8.92 yuan / share and 93.10 yuan / share respectively, up 3.72% and 2.14% over the previous trading day.