200 million yuan sales loss company Teda shares profit 90 million

A operating loss of the company, unexpectedly was a high price of 203 million yuan to buy away, such a good thing now happened in Teda shares (000652, closing price 8.90 yuan) body! Today (November 6) Teda shares announced that the company will be 203 million yuan to the price will be Tianma International 25% equity Transfer to the letter group, the transfer of the company will be 90.4726 million yuan investment income.　　Surprisingly, Tianma International actually operates a loss-making company. The sale of TIANMA International 25% Equity today, "Teda" one of the four wagons of Teda shares issued an equity transfer announcement. The announcement said that the company intends to hold its Tianma international 25% stake, sold to Tianjin Zheng Xin Group Co., Ltd. (hereinafter referred to as the letter group), the transaction amount of 203 million yuan.　　If the transaction can be completed, the company will receive investment income of 90.4726 million yuan. The transaction of TIANMA International net worth evaluation of 360 million yuan, value-added rate of 80.59%.　　Due to the evaluation of the benchmark day since November 30, 2009, Tianma International due to operating loss resulted in a decline in net assets of 1.5604 million Yuan, the company held 25% of the corresponding net assets fell 390,100 yuan, by the two sides in consultation, the company held a 25% equity transaction price was finally determined to 203 million yuan. Data show that 2003 and 2004 Teda shares have been divided two times a total of 200 million yuan to buy Tianma International 90% Equity, 2008 years of Tianjin Trust in the Equity Trust to Tianma International increase of 250 million yuan, the completion of the replenishment, Tianjin Trust holding Tianma International 49.02% Equity,　　The company holds a 45.88% per cent stake in Tianma International.　　In fact, this is the second TEDA shares sold Tianma International Equity, December 15, 2008, Teda shares will hold Tianma International 20.88% equity transfer to Tianjin and petrochemical, the transaction amount of 187.92 million yuan, and this is the remaining 25% of the total sale of shares. Teda shares said that the sale of TIANMA international residual equity is mainly to advance the two-level real estate project investment income, to focus on the company's advantageous resources to promote the development of the current level of regional development business.　　After the completion of the transaction, Teda shares will receive investment income of 90.4726 million yuan, the company expects 2009 annual consolidated statement net profit will increase by 67.8544 million yuan, the annual report has a greater impact. Tianma International has not yet profitable Tianma international mainly engaged in real estate development and commercial housing sales, housing leasing, hotel management, etc., but in recent years is still in a loss, of which 2007-year loss of 6.32 million Yuan, 2008-year loss of 21.0588 million Yuan, November 2009 loss of 12.0226 million yuan. Tianma International inventory mainly for the development of products and development costs.　　As at November 30, 2009, Tianma project Phase I, two has been completed, sold and signed a total of 40 of the subscription book, of which 7 villas have been handling formalities. Although Tianma international operating loss is mainly due to the partial development of housing has not yet settled, but inThe state to curb the rise in housing prices in the macro context, not yet to sell the housing also face the risk of falling, and since November 30, 2009, Tianma International business losses caused by the loss of net assets, at this time Teda shares will Tianma international assets sold quickly cash is a wise move,　　It is advantageous for the company to increase investment in the field of industry and accelerate the development and construction of other projects. In addition, TEDA shares 2009 net profit of 290 million yuan, 2010 years ago three quarters of 110 million yuan, the transaction one-time access to 90 million yuan investment income. In avoiding the risk of price depreciation, but also to obtain such a high return on investment, Teda shares is stone.