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Is 360 Security Technology (SHSE:601360) Using Debt In A Risky Way?
360 Security Technology to Dissolve Subsidiary
360 security technology inc. announced the split of Qixin Zhicheng: Shareholders have pledged to abide by the new regulations on shareholding reduction, and there is no violation of the rules by means of bypass reduction.
On the evening of August 2nd, Sina Tech reported that 360 announced that its controlling shareholder, Tianjin Qixin Zhicheng Technology Co., Ltd. (referred to as Qixin Zhicheng), has resolved to liquidate. After the liquidation, Qixin Zhicheng will split from the single largest shareholder of 360 into 36 small shareholders, who will hold shares of the listed company directly. At the same time, the largest shareholder of the listed company will change from Qixin Zhicheng to Zhou Hongyi. The operation of the 360 company is not affected, the management and board of directors remain unchanged, and the actual controller of the company remains unchanged as Zhou Hongyi. According to the announcement, this liquidation is not a bankruptcy liquidation and is not due to Qixin Zhicheng's operational difficulties or insolvency. The initial agreement among shareholders of Qixin Zhicheng upon its establishment.
Express News | 360 Security Technology Says Zhou Hongyi Will Become Biggest Shareholder With 13.3% Stake in the Company After Controlling Shareholder's Dissolution and Liquidation
Private Companies Among 360 Security Technology Inc.'s (SHSE:601360) Largest Stockholders and Were Hit After Last Week's 3.2% Price Drop
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