47.15 million yuan to transfer the full Hing liquor industry 40% Equity

Mashi (600779) announced that the company will be held by Sichuan Quan Hing Wine Co., Ltd. 40% of the equity and related rights and interests transferred to the Shanghai Sugar Tobacco (Group) Co., Ltd., the transfer price of 47.15 million yuan. According to the audit, as of June 30, 2010, Sichuan Quan Hing Liquor Co., Ltd. total assets of 114 million yuan, net assets (belonging to the parent company) 70.47 million yuan, to achieve total profit of 2.508 million yuan, net profit (attributable to the parent company) 2.26 million yuan.　　The company's main production, processing, sales of liquor and other business. The announcement said that, in view of the current state industrial policy provisions, combined with the exploration of the whole Hing brand management and development of new ideas, the company decided to transfer the ownership of the full Hing liquor industry. Through this stock right adjustment, it is advantageous to develop the whole Hing brand and the upscale liquor business with many advantages such as the new shareholder's rich personnel, funds and channels. Through this transaction, will help the company focus and financial resources to strengthen the main business of high-grade fine liquor, improve the company's financial and asset conditions, enhance the company's continued operation and stable development capacity.