Chiaki transfer Beijing Tun Jade seed industry shares in today's intraday fall

NetEase Finance November 18 News Chiaki today disclosed, because corn seed industry integration target failed to achieve, the company will hold Beijing Tun Jade 60% of the equity transfer to Shanxi Tun Jade. Chiaki at the end of last year and Shanxi Tun Jade signed a framework agreement on strategic cooperation, to cash 36 million yuan to subscribe to Shanxi Tun Yu Holdings of Beijing Branch Jade seed industry new registered capital of 36 million yuan, accounting for its total capital of 60%.　　According to the agreement, the company intends to pass Beijing Tun Jade and Shanxi Tun Jade comprehensive cooperation, to Shanxi Tun Jade direct or indirect holding, so as to achieve the company's corn seed industry integration, bigger and stronger corn seed industry. But up to now, Chiaki Hi-Tech has failed to reach an agreement on industrial integration through Beijing Tun Jade and Shanxi Tun Jade, which can not be achieved.　　In accordance with the Agreement on the capital increase and expansion of shares, the company and Shanxi Tun Jade by negotiation decided to terminate the comprehensive cooperation, Shanxi Tun Jade Repurchase company holding the ownership of Beijing Tun Jade, return the purchase price for the increase in the amount of money from the date of subscription to repurchase the date of the loan rate calculated by the bank interest.　　Accordingly, both sides of the total transfer price of equity is 39,470,280 yuan, including the transfer of 36.9747 million yuan, the settlement of Beijing Tun Jade and the company 2.4 million yuan, capital occupancy fee of 95,580 yuan, Chiaki Hi-Tech will terminate the cooperation with Shanxi Tun Jade. Today, Chiaki High branch sharply low open 7.05%, after opening the stock price down, the plate was once down, volume amplification.