So far, 42 Chinese companies have issued class B shares worth nearly $350 million.

That unit consists of five class B shares and one preferred share, which will trade as a package.

The class B shares control 5 five votes a share.

They recall that in 1991, as bank stocks recovered from a 1990 collapse, the fund's class B shares returned 64 percent.

After the offering, that compensation will be made in class B shares.

The class B shares sold yesterday carry one vote a share.

They already own 18 million class B shares.

The class B shares have the power to elect 7 of the company's 10 directors.

The class B shares represent 93 percent of the voting power.

Turner's class B shares closed down 87.5 cents at $23.75.