China Bao ' An sales subsidiary profit 450 million

China Baoan (market, inquiry) announced today, the sale of a subsidiary to obtain investment income of 450 million yuan.　　The value added rate of the company's net assets assessment was 788.9%. September 22, China Baoan Board of Trustees to consider the sale of Wuhan Heng ' an Investment Co., Ltd. 's stake in the motion. China Baoan decided to hold all the shares of Wuhan Heng an Investment Co., Ltd., transfer to the equity transferee Wuhan Jarred Investment Development Co., Ltd., Hubei Guang Hong Real Estate Co., Ltd. and Jinzhou Xin Hua Logistics Co., Ltd.　　Financial profit Po, the current savings rate increased 1000% transfer of the total price of 600 million yuan, including the transfer of equity 543 million yuan, as well as the shareholders on behalf of Wuhan Heng An company to repay its owed to China Baoan 57.41 million yuan. The announcement shows that Wuhan Heng ' an company was established in 2001, the scope of business for real estate investment and real estate development.　　2012 and the first half of 2013, Wuhan Heng An company has no operating income, and the net loss of 1.72 million yuan, 980,000 yuan respectively. Shareholders of the equity transfer party are natural persons, and the Wuhan Heng An company throws 600 million yuan or values its land resources.　　At present, Wuhan Heng ' an company's main assets are located in Wuhan Huangbei District Panlongcheng Two plots, the total area of about 400,000 square meters, as of June 30, 2013 book value of 115 million yuan, but some of the mortgage status. It is noteworthy that the Wuhan Heng an company evaluation of the net assets value added 788.9%.　　Wuhan Heng An company's total liabilities in the audit did not change before and after, but the total assets from 115 million to 565 million, so that net assets (shareholders all rights and Interests) evaluation reached 507 million yuan, value-added 450 million yuan, value-added rate of 788.9%. Bao ' An, China, said that as of September 24, 2013, has received a share of the transferee paid the total price of the transfer of 569 million yuan, including a deposit of 60 million yuan. After the completion of the transaction, China Baoan is expected to produce about 450 million yuan of earnings.