ual controller of the game's three seven mutual ente
rtainment made a demonstration. The company recently announced that Wu xushun, one of the controlling shareholders,
intends to participate in the off-line stock subscription of Yinhua MSCI China A-share trading open index Securities Investment Fund (hereinafter referred to as Yinhua MSCI China ETF) with no m
re than 22.243 million shares of 37 mutual entertainment shares. In short, if the fund can be successfully raised, Yinhua MSCI China ETF will become a shareholder of 2% of the shares held by 37 mutual entertainment, which will be conducive to further optimizing
the shareholder structure of listed companies. On the ot
her hand, when ETF is listed, Wu xushun can be the holder to buy, sell and redeem ETF according to regulatio
ns. In fact, it is not a "new method"
to change shareholding into ETF, but it has not become the mainstream way for shareholders
to reduce their holdings. In an interview with securities times e company, many insiders said that with the implementation of the most stringent "new rules for reducing Holdings" and the market changes in the
past two years, there may be a
gradual increase in the transfer of shares to ETFs in the future. In addition, there are also some transformation "new playing methods" in the recent traditional ways of reducing holdings such as block trading. The current market situation and stock price of ETF has a greater advant
age than that of direct secondary market.