China Airlines, "Love hit the plate" hung air "very hurt"

November 11, Hong du Air (600361.sh) opened to fall, to the end of the plate has not been opened. The reason is the 10th Night company announcement, "the company's actual control of the airline industry has never considered the defense assets into the company, the future will not consider the defense assets into the company." "" The announcement is ruthless enough to say that defense will never be injected into the company and also add a few years will not, even after three months no plan such a notice after all save the lowest only lower, floor and basement.　　One investor spoke at the forum.　　Reporter noted that caused by the Hong aviation so "hard enough" announcement, and the media questioned the large shareholder of Hong Aviation industry in the recent reduction of the conduct of the work of the aircraft.　　Some market people think: no matter whether the Bank of China branch to reduce the illegal, the Chinese aviation industry, Hong Airlines nearly 2 years of financing process, performance, announcements connected to look, investors or know a true 600361.　　First "Across the river" July 22, 2009 night, Hong Airlines announced the announcement, restart directional additional.　　September 21, 2009, the company released performance Advance Bulletin said, according to the company's product delivery plan estimates, the first three quarter of this year, the company's performance growth of more than 50%. July 14, 2010, Hongdu Aviation basically completed directional additional, the actual control of people in the aviation industry, large shareholder flood group, respectively, cash contributions. Among them, the Chinese aviation science and engineering capital of about 250 million yuan, subscribed to about 9.4 million shares.　　China Airlines cash subscription to participate in the issuance of more positive signals to the outside world, including the Warburg Trust, Tibet Autonomous Region Investment Co., Ltd. and some public offering funds, such as 7 institutions a total of 1.7 billion yuan to participate in the Hong Aviation additional. September 29, 2010, just completed the directional additional 2 months of the Hong Du Aviation issued a notice that the Ministry of Aviation in the August 18 to September 27 reduction of 7.4132 million shares of Hong Du, accounting for 1.65% of the total equity.　　That is, the Chinese aviation department in the cash to participate in the flood air additional one months after the set is now 390 million yuan.　　November 11, 2010, after the completion of the China Air Science and Technology, Hong Kong Airlines issued a notice: AVIC industry has never considered the defense assets into the company, the future will not consider the defense assets into the company.　　The so-called defense assets in the market refer to the whole business and related assets of the Owl Dragon fighter aircraft of AVIC defense enterprises.　　Reporter noted that the market on the flood of air defense assets to inject rumors and expectations long ago, but investors have never expected that the flood air will suddenly be issued a clarification announcement, and affirmed that in the next few years there is no defense assets injected, and the statement after the AVIC division of the shares, the market, the voice of doubt. "Even if you want to reduce, even if there is no defense assets injected, why not Hong Airlines in the large shareholder reduction before the release of a clarification notice to negate the injection of defense assets." "A personal investor complained to reporters," as the actual controller of the Hongdu aviation Core confidential information, the defense assets will not inject the matter which should not be nearly two months, the media has also reported, the market has passed, also did not see it issued a clarification announcement.　　"A very simple interest chain is: once by the AVIC to release the bulletin, the clear defense assets will not be injected, Hong Airlines share prices will plummet, it is clear that China Airlines can not get the profit reduction."　　According to analysts forecast, Hong du aviation 2011 year results under 0.8 yuan, as of November 11, Hongdu Airlines shares still have 40 yuan, corresponding to the 2011 50 times times P/E.　　No evidence of the denial in the November 11 announcement, Hongdu Aviation statement: The company's major shareholders in the aviation industry for their own production and operation needs in the recent reduction of the holding of the company's 1.65% shares, the reduction of the behavior in line with the state-related securities supervision, supervision of state funds and military industry management regulations　　However, as to which provisions are met, and how the market questions and provides evidence, the clarification notice is ignored. November 10, a media article pointed out that the Bank of the Ministry of Labor, its actual holdings of Hong Aviation shares have been less than 50%.　　Therefore violates the SASAC state-owned strategic core pillar industry's absolute holding position stipulation. In September, after the reduction, the Sino-Aerospace holdings of Hong Airlines shares to reduce to 43.96%, combined with the shares of Hong Group Holdings, China Airlines, the actual holding of Hong Airlines 48.35% stake.　　A control less than 50% should not be called an absolute holding position, which should be easy to understand. September 28, 2009, Hong du Air released the "Jiangxi Hongdu Aviation Industry Co., Ltd. Jiangxi Hongdu Aviation Industry Co., Ltd. non-public issues Progress Notice" (Notice No. 2009-029), said, "Recently, the company's non-public issues involved in economic behavior and state-owned equity management matters, The official reply of the State-owned Assets Supervision and Administration Committee of the State Council on the issue of Non-public offering of shares of Jiangxi Hongdu Aviation Industry Co., Ltd. (state-owned property rights [2009]1053) official reply, the principle agreed with the Hong Capital and China Aviation Technology Industry Co., Ltd. (hereinafter referred to as "AVIC") ) To subscribe to Hong Kong Airlines ' proposal for the non-public offering of shares; The total capital of Hong Kong Airlines does not exceed 458.8 million shares after the completion of the Non-public offering of the shares. Among them, AVIC (ss) and Hongdu Company (SS) held the upper limit of 205,562,674 shares and 26,759,307 shares respectively, both of which hold the shares of Hongdu Airlines is not less than 50%. "August 18, 2009, Hongdu Airlines released the" Jiangxi Hongdu Aviation Industry Co., Ltd. Non-public issue of Stock Plan "(Bulletin No.: P. 2009-015), which is the 9th page of the text, the second natural paragraph has a statement: 2006 countries have issued" national Defense technology Industry "Eleven-Five" development and reform opinions "and" National Defense Science and technology industry "Eleven-Five" Planning outline, November 2007, the original Costind issued "Military enterprise joint-stock reform implementation of interim measures" to promote the military industry investment in the diversification of the main enterprises and institutions to carry out specializationReorganization and strengthen the co-ordination and coordination of civil-military integration.　　Reporters from the relevant provisions, failed to find the Hong du Air Bulletin said "in line with the state regulations on securities Supervision, state-owned supervision and military industry management," the theoretical basis, and the listed Companies notice citation, also did not see the revocation or update. China Aviation Department of Securities Law staff Mr. Yu recently said to the media: the reduction of legal compliance.　　If the rules are violated, the regulators will find us without the social investor questioning them. "I really do not understand the air, I do not understand the military sector, SASAC Express approval of equity can not be less than 50%, it can reduce." "Shanghai, an unnamed brokerage analyst told reporters bitter Sigh," never expect its defense assets, really do not inject, I did not say early? ”