Qi Xiangyi stake sale: Zhou Hongyi lists 12.9% for 219 million yuan

Briefing by News4U · First published

Beijing Property Exchange lists Zhou Hongyi’s 12.9% stake in Beijing Qifeixiangyi at 219 million yuan; 28 parallel listings cover 87.75% of the firm.

Beijing Property Exchange disclosed on 24 October that 360 founder Zhou Hongyi plans to sell his 12.89929% stake in Beijing Qifeixiangyi Business Consulting for a reserve price of 219 million yuan, with the disclosure period running 26 October to 20 November. [1] [2]

The filing shows the price already deducts a 54.177 million yuan dividend Zhou received after a 13 March profit-distribution resolution. If the sale closes, he will hold no direct equity in the firm. [1] [2]

Twenty-eight simultaneous listings cover 87.75% of Qifeixiangyi equity at a combined 1.495 billion yuan; China Construction Bank Trust is the largest seller with 51.78% at 880 million yuan. [2]

Sources

  1. 快讯

    Wall Street CN · · Full text

  2. 周鸿祎拟 2.19 亿元转让奇飞翔艺 12.9% 股权,交易后将不再直接持股

    ITHome · · Summary only

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