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TMCNet:  IRICO (00438) further sells 6.5m A shares of subsidiary [ET Net News (China)]

[July 03, 2014]

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 businesses.

IRICO Display is principally engaged in the production, development and operation of liquid crystal display (LCD) substrate, electronic products and components and raw materials. (HL) (c) 2014 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (

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