Cast 260 million yuan Xinhua attributes the shares of Sichuan outside Chengdu College

Every reporter Wu Yuxiang from the Chengdu Education Department under the head of the tertiary institutions listed, there is no precedent in the mainland.　　Sichuan outside Chengdu College If the listing succeeds, it will become a milestone event. In Hong Kong listed Sichuan Xinhua attributes Chain Co., Ltd. (hereinafter referred to as Xinhua attributes, 00811,HK) yesterday announced that June 8, the company and Sichuan Foreign Language College Chengdu College (hereinafter referred to as Chengdu College), Sichuan Shui Enterprise Development Company (hereinafter referred to as Derek),　　Sichuan Hong Ming Real Estate Co., Ltd. (hereinafter referred to as Hong Ming) signed the "Sichuan Foreign Language College Chengdu Institute of Capital Increase and equity transfer agreement", Xinhua attributes to 260 million yuan to buy Sichuan outside Chengdu College 24.3% of the shares. The announcement pointed out that the Chengdu University of Sichuan, the shareholders will jointly promote and assist the college or its ultimate equity owners listed on the listing before January 1, 2014.　　Yesterday, Xinhua attributes related people confirmed the Sichuan outside Chengdu College listing plans. Xinhua attributes his involvement in educational institutions Hongyuan Securities senior researcher Wang Fu 觯? The tertiary institutions under the Education Department are listed, there is no precedent in the country.　　Sichuan outside Chengdu College If the listing succeeds, it will become a milestone event. The Xinhua attributes and Hong Ming shares in Chengdu College, in accordance with the increase in capital and rights transfer Agreement, Hongming to land use rights and the construction of the project for 255 million yuan, Xinhua attributes to the cash 130 million yuan to increase capital recognition.　　After the increase in capital, Derek will hold the Chengdu College 12.15% Rights and interests to 130 million yuan transfer to Xinhua attributes. This means that Xinhua attributes to get 24.3% of Chengdu College shares, Derek's shareholding ratio of 51.87%, Hongming for 23.83%. At the same time, this is also the publishing industry giant Xinhua attributes his first direct investment in educational institutions.　　According to the cooperation agreement, Xinhua attributes will become Chengdu College income priority winners.　　According to the valuation division of Chengdu University Asset Assessment Report, as of February 28, 2009, Chengdu College Net assets value of 780 million yuan, the parties agreed to the Agreement in accordance with the 690 million yuan calculation. The outlook for the listing is still variable. Xinhua attributes The announcement that "Derek, Hongming and the company jointly promote and assist the Chengdu Institute or its ultimate equity owners to do their best to be listed on the approved exchange before January 1, 2014."　　The agreement also stipulates that if the listing has not been successful or the Chengdu College license expires, Derek and/or Hong Ming will be divided into four years, at a price of 65 million yuan each year to buy back Xinhua attributes in Chengdu College of all rights and interests. "The goal has indeed been set, is the listing." "Xinhua attributes director Wang said yesterday to reporters, private schools listed in line with the development trend of education industry, Chengdu University's goal is to be listed on the SFC recognized exchange," There may be the gem.　　"But director Wang is cautious about the listing, saying the goal is OK, but it does not rule out changes over the next five years," he said. According to the reporter understand, the Chinese mainland Education Department under the head of the university education institutions listed there is no precedent, then the listing will bePolicy restrictions?　　The reporter yesterday called Sichuan Provincial Education Department spokesman Pan, she said, according to her understanding, currently there is no clear provisions in this regard. Hongyuan Securities senior researcher Wang 觯? If the Chengdu College is successful, it will be a precedent, but the announcement of "doing what it can" means that it is not necessarily, it seems a little difficult at the moment. "The success of the IPO is closely related to the national policy, and secondly, it depends on its own development situation." "Wang Xing the new Oriental successfully listed in the United States, but it is different from the Chengdu College." The institutions of higher education, under the authority of the educational department, are not yet listed in the mainland.