Refond CEO Sheds 5 Million Company Stocks

Refond Optoelectronics recently announced its largest shareholder and company CEO Gong Weibin has sold out 5 million stocks, or about 2.29 percent of shares on Sept. 11, 2014, according to a Securities Times report.

After shedding 5 million stocks, the company CEO still possesses 68.12 million stocks, or equivalent to 31.19 percent stake in the company. He still is the company’s largest shareholder, and leads the second shareholder by 5 percent shares.

Gong sold his shares due to personal financing needs, a company announcement on July 10, 2014 stated. Under Gong’s financing plans, he will sell a total of 17.40 million stock shares from July 14, 2014 to Jan. 13, 2015. Shares Gong has sold out on the stock exchange currently amounts to 15.07 million shares, which is about 6.9 percent stake in the company.

The company CEO still plans to sell out 2.33 million shares, and promised not to sell out anymore company stocks by March 11, 2015.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Natural colour rendering of Optisolis™ LEDs lets visitors experience artwork as the artist intended without degrading the work. Tokushima, Japan – 23 July 2019: Nichia Corporation, the leader in high brightness LED technologies, an... READ MORE

TSLC Corporation, a subsidiary of SemiLEDs, launched sampling of its tri-color Mini LED series, targeted to provide LED display manufacturers with surface-mounting (SMT) compatible devices. The first product in the tri-color multi pixel series... READ MORE