Building Materials Glass Acquisition St Luo Glass buried "restructuring foreshadowing"

St Luo Glass in the days of stock transfer is reminiscent of the floating, the acquisition report published today, the acquisition of building materials Glass revealed that "improve the Luo St Luo glass production and management situation", "to borrow the St Luo Glass listing platform to do capital operation" to integrate the building materials group glass Enterprises to implement the idea of regional integration,　　This may be interpreted as building glass on the St Luo Glass of the "reorganization foreshadowing." According to St Luo Bo 13th announced the disclosure of its actual control of China building materials Group holding shareholders of the company's holdings of the Luo Glass group 51.7% of the equity transfer to the building materials glass.　　Glass in the building materials will be through the Luo Glass group to hold the St Luo Glass 35.8% of the equity. In the building materials glass public information is very few, and today's acquisition report disclosed the "Truth" of building materials glass.　　It is understood that the company Department of Building Materials Group wholly owned subsidiary, and until last December, the building materials group decided to take the building materials mining company as the foundation, the establishment of building materials glass, to focus on building materials group main flat glass enterprises, mainly responsible for float glass business plate. It is understood that the building materials glass in the end of 2009 has started restructuring, the first glass through the free transfer to become its wholly owned subsidiary. In the relevant glass enterprises, despite the downturn in the glass industry, the building materials glass Qualcomm asset size and profit growth, total assets from the end of 09 to 640 million of the first quarter of this year, from the end of 09 loss of 1.17 million to the first quarter of the net profit of 1.02 million. In addition to holding a 100% stake in the Sino-Union Glass, the company still holds 100% per cent of Tongliao silica sand Industrial Company and Beijing China Exhibition Consulting Co., Ltd. 80% equity.　　One of the existing three float glass production line, in 2009 to achieve operating income of 308 million yuan, the total profit of 10.53 million yuan. Glass of building materials, said that after the transfer of equity, the plan to the listed companies mainly to build float glass business development platform, in order to solve the competition problem, the glass of building materials may increase the interest of Luoyang glass, but there is no specific plan. In the next 12 months, the building materials glass also did not dispose of Luoyang glass rights and interests arrangements.　　And this for the limited profitability of St Luo Glass is undoubtedly quite positive, according to public information, St Luo Glass 2009-year loss of 167 million yuan, asset-liability ratio of up to 97.4%. Glass of building materials at the same time, the acquisition will use St Luo glass platform to do a good job of capital operation, to change the current domestic glass industry concentration is low, weak competitiveness of enterprises, the industry's disorderly competition situation, forming a matching glass industry platform.