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Tianshan Textile Resumed 5 Consecutive Trading Boards
Yesterday, Tianshan textile (10.59,0.96,9.97%) ushered in the fifth trading limit after resumption, with a cumulative gain of 61.19%, and yesterday's stock price closed at 10.59 yuan.
In July 23, 2009, Tianshan textile was suspended due to restructuring matters.
According to the restructuring plan announced recently, Tianshan textile intends to issue about 81 million 980 thousand shares and 40 million 990 thousand shares to Xinjiang Katie mining and Qinghai snow Technology Co., respectively, to purchase 50% and 25% stake of the two companies held by the two companies respectively.
After the reorganization, Tianshan textile will hold 75% of the west mining industry.
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