NBD AI Bulletin，Polaris Bay Group Co., Ltd. (the Company, SH 600155, closing price: 14.61 yuan) announced on the evening of July 15 that, as of now, Newhope Chemicals Investment Co., Ltd. has reduced its holdings in the Company by about 17.4 million shares, accounting for 1% of the Company's total share capital, through a centralized bidding transaction. The shareholding reduction plan has not been completed.

NBD AI Review: The last time Polaris Bay Group Co., Ltd. announced a shareholding reduction was on July 11, 2020, and the stock fell 1.01% on the following trading day. Polaris Bay Group Co., Ltd. issued 19 sell-down announcements in the past 12 months.

According to the 2019 annual report, Polaris Bay Group Co., Ltd.'s main businesses are securities, building materials, accounting for 101.06%, 0.83% of revenue, respectively.

Polaris Bay Group Co., Ltd.'s chairman is Tao Yongze, 57 years old, with a bachelor's degree and graduated from Guizhou University and Army Special Operations College. Polaris Bay Group Co., Ltd.'s general manager is Zhang Xiaoai, male, 50 years old, master's degree in accounting from Chinese Academy of Fiscal Sciences, non-practising member of the China Institute of Certified Public Accountants, lawyer, visiting scholar of the Humphrey Fellowship of the United States.

(By Li Menglin)

Disclaimer: This article is for informational purposes only and does Not constitute investment advice. Please verify before use. Any action you take upon the information on this website is at your own risk.