China-Heng Railway to 100 million yuan to transfer the price of Jiangxi Tong Heng Industrial 90% Equity

NetEase Finance December 1 News of the state-owned railway Wednesday night issued a notice that the company to transfer the 100 million-dollar price held in Jiangxi Tong Heng Industrial Co., Ltd. 90% stake, the acquisition of the GAN Shang Joint Stock Co. December 1, 2010, the state-owned railway and Gan merchants jointly signed the "on the Jiangxi Tong Heng Industrial Co., Ltd. 's share transfer agreement."　　In accordance with the agreement, the state-owned railway will hold a 90% stake in the Heng industry to 101,091,400 of the price transfer to the GAN Shang Union. State-Heng Railway, based on the market in Jiangxi Province, the company's good market operating capacity and the acquisition of equity and increase in capital, but Tong Heng Industrial in the follow-up period of the operating earnings far from meeting the firm's expectations.　　In order to promote the structure optimization of the whole company, the company decided to transfer the shares of Heng Enterprise in order to recover funds to invest in other good assets. After the transfer of the stake, the state-owned railway no longer holds the shares of Heng Industrial, the profits generated by this transaction is 2.0989 million yuan, the transfer of equity does not constitute a related transaction.