IRICO (00438) further sells 6.5m A shares of subsidiary [ET Net News (China)]
(ET Net News (China) Via Acquire Media NewsEdge) [ET Net News Agency, 3 July 2014] IRICO Group Electronics Company (00438) said it
further disposed a total of 6.5 million A shares of IRICO Display Device Co., Ltd. on the
Shanghai Stock Exchange, representing about 0.88% of the total issue A shares of IRICO
Display, at Rmb46.93 million by way of block trade.
After such disposal, the shareholding interest of IRICO in IRICO Display has decreased
from about 19.82% to 18.93%.
IRICO intends to use the sale proceeds for supplement of working capital and development
of solar photovoltaic glass, new electronics chemical materials and other principal
IRICO Display is principally engaged in the production, development and operation of
liquid crystal display (LCD) substrate, electronic products and components and raw
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