Youngor to participate in more than 4 million shares

In recent years has been very active targeted additional subscription "specialist" Youngor (600177) again shot. The company invests 98 million yuan, the price of 24.50 yuan/share subscribed to the shares (002187) Non-public shares 4 million shares, and the commitment to the completion of the subscription within 12 months shall not transfer.　　The total equity of the shares is 190.2348 million yuan after the non-public offering, and Youngor accounts for 2.1%.　　According to rough statistics, since last year, Youngor and its holding subsidiaries have been involved in 12 companies of directional issuance, especially since August has been accelerated, the cumulative investment of more than 5.8 billion yuan.　　Particularly favored by the targeted private equity holdings of CITIC Securities (600030) and the First World War became famous Youngor, in recent years, increased the listed companies targeted additional subscription strength. Only since December 2010, the company and its subsidiaries have participated in 5 of directional placements, last December 16, Youngor released a breath of three single directional issue subscription: The company contributed 1.207 billion yuan, to 13.87 yuan/share of the price of Shanghai Automotive Private shares of 87 million shares, Accounting for 0.94% of its total share capital after its private release; company wholly-owned subsidiary Youngor Investment Co., Ltd. invested 9612 Yuan, to 16.02 yuan/share of the price of the purchase of gold seed liquor private shares of 6 million shares, accounting for its private distribution after the total share capital of 1.08%; Meanwhile, Youngor investment also contributed 147.25 million yuan　　, 15.50 yuan/share for the sale of Lingyun shares in private shares of 9.5 million shares, accounting for its private distribution after the total share capital of 2.63%.　　January 12 This year, Youngor also announced that the company funded 91.1 million yuan, to 17.05 yuan/share of the price of Qian Yuan power to subscribe to the private shares of 5.34 million shares, accounting for its non-public distribution after the total share capital of 2.62%. According to rough statistics, since last year, the company has participated in 12 directional additional, from the time distribution, Youngor in the last January and February subscribed to a directional additional, after the quiet 6 months after the sudden exerting force, August, September subscription once, October subscription 2 times, the November subscription once again, In December, it participated in 3 directional additional placements.　　It is noteworthy that in the course of the decline of the market index last year (between April and July), the company did not subscribe for the increase in the number of companies subscribed to the index. The company has invested more than 5.8 billion in total over the last year.　　The data show that the company in 2009 participated in a total of 4 directional additional, spending more than 3.6 billion yuan.　　It is noteworthy that at present, some listed companies also began to participate in other companies, such as non-public offerings, such as Huamao shares (000850) subscribe to the Guangdong Securities (000776), Donga Gelatin (000423) subscribe to the West Chemical (000830) directional additional.　　Investment in Citic Securities First World War analysts point out that Youngor's focus on subscribing to a listed company is likely to be related to its huge success in Citic Securities investment. Youngor is a CITIC securitiesThe founder shareholder, holding the 200 million shares of Citic Securities before the reform, shares the 180 million shares of Citic Securities after the share reform, of which 124 million shares on August 15, 2006 to obtain the right to circulate on the market, 59.59 million shares on August 15, 2007 on the listing of the right to circulation. After the ban, Youngor began a trip to sell Citic Securities. Among them, the Citic Securities 2007 to increase the share of equity before the reduction of 45.06 million shares, in Citic Securities 2007 to increase the share capital to 2009 to increase the share capital during the reduction of 167 million shares, Citic Securities in 2009 to increase the share capital after the reduction of 71.74 million shares.　　As of January 27, 2011, Youngor has sold 284 million shares of Citic Securities, exceeding 4% of Citic's total share capital, and is still holding 93.26 million shares of unlimited sales and circulation shares. It is worth noting that, because the investment cost is extremely low only 320 million yuan, therefore Youngor 2007, 2008, 2009 's reduction all has contributed the outstanding performance for each year annual report. In 2008, the company's profits from the reduction of Citic Securities gained as much as 2.578 billion yuan, and the same year the total profit of the company amounted to 2.375 billion yuan, reduce the profit contribution of CITIC Securities can be seen. Responsible Editor: NF058