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Galaxy Magnet (300127), Chairman Of The Proposed Reduction Of Up To 16 Million Shares
Jul 04, 2016

Washington Galaxy magnet (300127) on June 29 announced that due to personal financial arrangements, company Chairman Dai Yan intended to block trading or auction, the reduction of no more than 16 million shares of the company's stock (not more than 4.96% of the company's total shares).

As of now, Dai Yan stock holders of the company 110 million shares, accounting for 33.98% of the total share capital of the company, including unlimited sale of tradable shares 27.454 million shares.

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