A-shares are quite "turbulent" Which company is better for shareholders of listed companies in the LED industry to reduce their holdings and cash out?

Which company is better at reducing holdings and cashing out? On November 4, Hurun Research Institute released the 2015 Hurun Cash-out Rich List. The list shows that 30 mainland rich people cashed out more than 1.35 billion yuan in the past year, with a total cashing out of 86 billion yuan, 2.4 times that of last year.

According to media reports, the "2015 Hurun Cash Cash Rich List" shows that the "2015 Cash Cash King" Zhu Mengyi family cashed out 8.2 billion yuan in the past year. Wen Yibo and Zhang Huiming, the major shareholders of Sound Environment, cashed out 7 billion yuan in the past year, ranking second. The next closest cash-out tycoons are Chen Tianqiao and Luo Qianqian, a couple who are regulars on various rich lists. In the past year, the two cashed out a total of 6.2 billion yuan by transferring their shares in Shanda Games. However, if Chen Tianqiao's younger brother Chen Danian's cash-out amount of 2.6 billion yuan is included, his family's cash-out amount of 8.8 billion yuan will rank ahead of Zhu Mengyi and become this year's "cash-out king." LeTV’s Jia Yueting cashed out 2.5 billion yuan in the past year, ranking 14th on the cash-out list.

Major shareholders reducing their holdings to cash out is nothing new for listed companies. However, A-shares have been quite "turbulent" this year, and shareholders seem to be cashing out more frequently. There is no shortage of big money makers in the LED industry. In 2015 alone, many shareholders of LED listed companies reduced their holdings to cash out.

Security Finance Corporation reduced its holdings by 850 million yuan and exited the top ten shareholders of Crystal Optoelectronics

The "Zhejiang Crystal Optoelectronics Technology Co., Ltd. Non-Public Issuance Report and Listing Announcement" disclosed by Crystal Optoelectronics on August 4 showed that before the company's private placement, as of July 9, the number of shares held by China Securities Finance Corporation was as high as 41.175622 million shares, with a shareholding ratio of 10.80%, ranking the company's second largest shareholder.

However, after the company's private placement, China Securities Finance Corporation has disappeared from the company's top ten shareholders list. According to the latest shareholdings of the top ten shareholders, the natural person Fan Chongguo, the tenth largest shareholder, holds 4.9465 million shares.

In other words, in less than a month, China Securities Finance Corporation has quickly reduced its holdings of Crystal Optoelectronics shares by at least 36.229122 shares. If calculated based on Crystal Optoelectronics' closing price of 23.43 yuan on August 4, the share price reduction corresponds to a market value of nearly 850 million yuan.

Dehao's major shareholder reduced its holdings and cashed out more than 200 million

Dehao Runda announced on March 19 that the company's controlling shareholder Wuhu Dehao Investment Co., Ltd. ("Wuhu Dehao Investment") reduced its holdings of the company's shares by a total of 22 million shares through block transactions from March 17 to 19, accounting for 1.58% of the company's total share capital.

Based on the average price of its holdings reduction in each period, the cash amount of Wuhu Dehao Investment reached 202 million yuan. After this reduction, Wuhu Dehao Investment holds 323 million shares of the company, accounting for 23.16% of the company's total share capital, and remains the company's controlling shareholder.

Absen shareholder Tianjin Fuhai reduced its holdings and cashed out 192 million yuan

Absen announced on August 11 that the company's shareholder Tianjin Fuhai Equity Investment Fund Management Center (Limited Partnership) had reduced its holdings of 5.9007 million shares of the company's shares on August 10, with a reduction ratio of 3.68%, an average price of 32.61 yuan, and cash out of 192 million yuan.

The actual shareholder of Nationstar Optoelectronics reduced its holdings and cashed out 37.24 million yuan

Nationstar Optoelectronics announced on January 28 that from January 21 to 26, 2015, Cai Juyi, one of the actual shareholders of Nationstar Optoelectronics, reduced its holdings of 3.45 million shares of the company's unrestricted tradable shares through the block trading system, cashing out a total of 37.243 million yuan. After this reduction, Cai Juyi's shareholding ratio changed from 5.35% to 4.55%, which means she became a shareholder holding less than 5% of the shares. Cai Juyi, Wang Yaohao, and Yu Binhai collectively hold 14.26% of the company's shares.

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