China Baoan transfer three farms profit billion

China Bao ' An (000009) decided to hold the Hainan Xin an Farm Co., Ltd. 95% stake, transfer to Jinheng Taihe (Beijing) Investment Co., Ltd., the transfer price of 73.2888 million yuan. China Baoan subsidiary Hainan Industrial Co., Ltd. will hold a 5% stake in Xin an farm, transferred to Jinheng Taihe (Beijing) Investment Co., Ltd., the transfer price of 3.8574 million yuan, the above total transaction amount of 77.1462 million yuan. China Baoan said the above transactions do not constitute a related transaction.　　The sale of Xin ' an farm equity, is to revitalize the company's stock assets, the withdrawal of funds concentrated development of the main business. Since China Baoan in April, the transfer of the Hainan Hon Ann Farm and the Sheng-an farm stake, generate about 92 million yuan of investment income, plus the expected return generated by this transaction is about 46 million yuan, the cumulative income is about 138 million yuan, more than the 2009 annual audit net profit of China Baoan 50%, according to China Bao ' an The relevant provisions of the Articles of association, the transfer of shares of the three farm companies should be jointly submitted to the 2009 annual shareholder meeting for consideration.