120 million shares to purchase group chemical fiber assets

Three Friends of Chemical Industry (600409) August 17 announced the Non-public offering plan, the company will issue 102 million shares to the group, to the Alkali industry group issued 18.09 million shares, the total issue quantity of 120 million shares, buy three-friend group holds XINGDA chemical fiber 53.97% Equity, alkali Group holds XINGDA chemical fiber 6.16% Equity　　, the alkali industry Group holds a 20% stake in the far reaches of fiber.　　Three friends of the chemical industry, XINGDA chemical Fiber to pay the remaining 100 million yuan Paid-in capital and the completion of the transaction, Xingda Chemical fiber, Tatsu fiber will become three friends of the wholly-owned subsidiary of Chemical Industry. Acquisition of assets worth 750 million yuan of the issue shares of the IPO price of 6.29 yuan/share. On June 30, 2010 as the base day, three friends holdings of Xingda Chemical fiber 53.97% Equity evaluation value of 64,375.420,000 Yuan, the alkali group holds XINGDA chemical fiber 6.16% Equity evaluation value of 7,347 yuan, Alkali Group Holdings of far-reaching fiber 650,000 equity evaluation value of 20%, 364100 Yuan.　　Based on the above evaluation value, the three friends of the chemical proposed to the three-friend group issued 102.34 million shares, the number of shares to be issued to the alkali industry group is 18.09 million shares, the total issue quantity of 120.44 million shares, accounting for the issuance of the total share capital of 11.37%.　　In addition, after the completion of the transaction, the three friends will directly hold three friends of chemical 9.66% Equity, and through its wholly-owned subsidiary of the Alkali industry group indirectly control three friends of chemical 46.19% Equity, three friends Group is still three friends of the actual chemical control people.　　2009, three Friends Group acquired Tangshan Hongda Investment Co., Ltd. holding 9.57% of the alkali industry Group, the Alkali group became a wholly-owned subsidiary of the Group of three friends. The group of three friends is a local state-owned enterprise supervised by the Sasac of Hebei province. The current shareholding structure of three friends group is more dispersed, China Oriental Asset Management Company, China Xinda Asset Management company, China Huarong Asset Management company, China Great Wall Asset Management company, four asset management companies held by the three-friend group of shares in November 2000 in the form of debt to equity, belonging to staged shareholding,　　The four asset management companies independently exercise their voting rights in the group of three friends and do not constitute a concerted action, and the group of three friends has no actual control. Far Tatsu fiber in the project construction period bulletin introduced, Xingda Chemical fiber main business for viscose staple fiber development, production and sales.　　Viscose staple fiber Not only can be used as clothing materials, but also in medical supplies, sanitary products, artificial leather fabric, garment interlining, decorative cloth and other industrial fields have a wide range of uses. Xingda Chemical Fiber Sales of other products also include PU fiber slurry and sodium sulfate. Pu fiber pulp is the main raw material for the manufacture of viscose staple fiber, Xingda chemical fiber to meet its own viscose staple fiber production on the basis of the partial Pu-fiber pulp external sales.　　Sodium sulfate is anhydrous, is a by-product of the production of viscose staple fiber, sales amount accounted for the main business income ratio is small. 2009, Xingda Chemical fiber production of viscose staple fiber 149,800 tons, pu fiber slurry 78,900 tons, 52,800 tons of sodium sulfate.　　2010 1-June, Xingda chemical fiber production of viscose staple fiber 78,700 tons, pu fiber slurry 43,300 tons, 30,000 tons of sodium sulfate. XINGDA Chemical fiber production technology and equipment in the industry-leading level, the company has passed the European eco-Textiles OEKO-100 (Grade I) certification.　　Company main products for the differential viscose staple fiber, product differentiation rate of more than 80%, is the domestic viscose staple fiber industry, one of the highest differential rate. In addition, the far reaches of the fiber series XINGDA chemical fiber implementation of 80,000 tons/year differential viscose staple fiber project main body. At present, far Tatsu fiber is in the project construction period, has not been produced. The main plan of the far-reaching fiber is to produce differential viscose staple fiber.