6On June 6, the two giants in the photovoltaic modules, Longi Green Energy (601012) and Artes (688472), both released plans to reduce their shareholders' shareholdings.
HHLR is a fund company managed by Zhang Lei's Hillhouse Capital. It was previously investigated by the China Securities Regulatory Commission for "detour reduction" of Longi Green Energy Stocks. Later, after receiving the case filing notice issued by the China Securities Regulatory Commission on November 8, 2023, HHLR intends to actively repurchase all the shares involved in the case to reduce its holdings.
In December 2020, Hillhouse Capital spent 15.84 billion yuan to acquire 6% of Longi Green Energy's shares at a price of 70 yuan per share, becoming the second largest shareholder of Longi Green Energy.
On June 6, Longi Green's stock price closed at 14.47 yuan. Based on this price estimate, the market value of HHLR's share reduction is approximately 548,271,888.56 yuan, about 548 million yuan.
Relative to As shareholder of Artes holding less than 5% of the shares - Wuxi Yuanhe Chongyuan Youneng Venture Capital (Limited Partnership) (referred to as "Yuanhe Chongyuan") can be called a clearance reduction.
Yuanhe Chongyuan holds 131,770,537 shares of Artes, accounting for 3.57% of the company's total share capital. It was the shares acquired before the IPO and was lifted on June 11, 2024.
This time, Yuanhe Chongyuan plans to reduce its holdings of the company's shares through centralized bidding within 3 months after the date of disclosure of this announcement, which will not exceed 36,882,173 shares, which will not exceed 1% of the company's total share capital; and reduce its holdings of the company's shares through bulk transactions by no more than 73,764,346 shares, which will not exceed 2% of the company's total share capital.
According to the upper limit of reduction, the intended share reduction shall not exceed110,646,519 shares, accounting for 3% of its shareholding. If the share reduction is completed, the remaining shares will be 21,124,018 shares, and the shareholding ratio will drop to about 0.5%.
On June 6, Artes closed at 8.86 yuan. Calculated based on this stock price, the market value of Yuanhe Chongyuan’s reduction is Yuanhe Chongyuan’s share reduction is 980,328,158.34 yuan, about 980 million yuan.
According to calculations, Longi Green Energy shareholder HHLR and Artes shareholdersYuanhe Chongyuan's total share reduction of its market value was approximately 1.528 billion yuan. (Grassroot photovoltaic)
