British force special to the West ethylene

British power yesterday issued a purchase of the western Region of PVC Co., Ltd. (West Ethylene) shares of the progress of the announcement, said Shanghai Chlor-Alkali Chemical Co., Ltd. (chlor-alkali Chemical) holdings of Western ethylene 15.53% of the equity has been transferred to the name of the British force.　　British force has wholly owned the Western ethylene. Chlor-alkali Chemical industry has three times listed according to the latest announcement, June 9, 2010, the company to 98 million yuan of the acquisition of chlor-alkali chemical possession of the Western Ethylene 15.53% shares, and agreed to pay the share transfer, the ownership of the agreement has been agreed to other matters have been reached. June 23, 2010, chlor-alkali chemical holdings of Western ethylene 15.53% Equity has been transferred to the company name, and has completed the registration of industrial and commercial changes.　　The acquisition was completed after the British force of the absolute holding of the West ethylene. Reporter search data found that before this, chlor-alkali chemical has three times listed in the West ethylene. This February, chlor-alkali chemical industry for the first time will be the West Ethylene 15.53% Equity listing sold, the upset price of 119.77 million yuan; After the neglect, again in the middle of March, after the cold shoulder, April 29, chlor-alkali Chemical industry in Shanghai, the third public listing of the transfer of the West ethylene 15.53% shares,　　The listing price fell to 98 million yuan, compared with the first listing price discount margin of about 18%, the second listing price also fell 10%. Price reduction stems from the loss of the right to speak chlor-alkali chemical three-degree listing, Western ethylene is not very bad? Reporter inquires The data found that, from the financial data, the west of ethylene is a treasure. By the end of 2009, the total assets of the West ethylene was about 2.5 billion yuan, the net asset was 650 million yuan, and the operating income of 2009 was 1.28 billion yuan and net profit was 128.7 million yuan.　　In contrast, Britain's net profit last year was only 47.7648 million yuan. Profits are good, so why keep lowering prices? It is reported that as early as 2009, the British Force special acquisition of the large shareholder of the Anglo-Group holdings of the West Ethylene 40.76% stake, the proportion of shareholding to 84.47%, has been in an absolute holding position. Moreover, the supply of raw materials for ethylene in the West is almost entirely from its subsidiaries. In other words, chlor-alkali chemical industry in the west of ethylene has no right to speak.