BBMG Exchange and absorption merger approved

Taihang Cement 7th released about Beijing Golden Corner Co., Ltd. Stock Exchange merger and acquisition of the SASAC approved the announcement, marking the exchange of shares and the program to achieve substantial progress. It is reported that September 14, BBMG shares and Taihang Cement will also convene a general meeting of shareholders to consider the approval of the exchange of shares to absorb the merger scheme.　　Some analysts point out that the merger of too much cement through stock exchange will help to solve the problem of competition between the two companies. In fact, the new share suction and the solution of the largest bright spot for the two choice of the design, that is, the first cash option price of 10.65 yuan/share, that is, too cement stocks before the end of the last trading day of the close; the right to append option right after the BBMG shares a-share market closed,　　such as the day of the stock a-share trading average price of 9.00 yuan/share, and to participate in stock exchange investors still hold a a-share a-shares, will have the right to hold a stock A shares in accordance with the 9.00 yuan/share transfer to the provision of additional options.　　Analysts pointed out that the move further protects the interests of the former too-cement shareholders of the equity a-share shares as part of the swap, while also conveying to the market the full confidence of the company to absorb the investment value of the merged stock. This transaction completes the staff between BBMG and Taihang, assets, business and other aspects of the complete integration, especially in the cement field, after the reorganization of the capital of the Beijing-Tianjin-Hebei area of building materials industry in the scale of economic and leadership will be further enhanced, the implementation of the share-absorbing scheme is conducive to maintaining the integrity of the industry chain of the gold corner,　　To enhance the profitability of the company. The merger of the merged draft shows that after the completion of the merger, the earnings per share of the former shareholders in 2009 will be increased from the previous 0.20 yuan to 0.64 yuan; At the same time, the equity in cement, new building materials, real estate development,　　Property investment and management and other main sectors of the business income 2011 than 2010 is expected to grow 63.49%, 16.64%, 25.73% and 24.19% respectively, BBMG shares will continue the current rapid development trend, the future growth of a significant.　　Industry personage Analysis pointed out, this time the stock exchange and completes, the BBMG shares expected 2010, 2011 and 2012 earnings per share are RMB 0.69 yuan, 0.84 yuan and 1.02 yuan respectively, and take into account the company in the main market supply and demand relationship improvement, valuation is very attractive. At present, BBMG shares development trend is good, 2010 years, the report showed that the first half of this year's operating performance increased steadily, achieving revenue of 7.767 billion yuan, an increase of 48.2% per cent, net profit of 1.12 billion yuan, compared with the same period last year, a sharp increase of 48.8%.