City investment holding to bid for 30.7% stake in western Securities

NetEase Financial October 19 News of the City investment holding night notice, the company intends to participate in bidding Western Securities Co., Ltd. 30.7% of the equity.　　Western Securities Co., Ltd. 30.7% Equity, 306.98 million shares in the Shanghai Joint Equity Exchange listing, listing price of 1.78 billion yuan.　　2001, the Western Securities from Shaanxi Securities, Baoji Securities, Shaanxi Trust and Shaanxi Northwest Trust Securities assets of the merger and reorganization of the establishment of the registered capital of 1 billion yuan, and its subsequent momentum is quite fierce western style. Western securities shareholders are mainly Shaanxi electric power construction investment and development company, holding 31.24%, Shaanxi Electric Power Company, shareholding 30.7%; Western Trust Co., Ltd., shareholding 20%, China Yuanda Group Co., Ltd., shareholding 5.89%; Shaanxi Comprehensive utilization Power Development Co., Ltd, holding 2.21%, Shareholder structure is not complicated, but the two shareholder Shaanxi Electric Power Company is a wholly owned subsidiary of State Grid, while the State Grid under the holding of the British large securities, and equity securities such as Hunan stock brokerage, it is the state grid of a number of investments to meet the policy requirements of the securities market, one of the basic conditions of "one parameter control" of the Red Line,　　Blocked the listing plan for Western Securities. Shaanxi Electric Power Company will be held in the Western Securities 30.7% Equity listing, to help clear the Western securities listing barriers. And because the Western securities listing is expected to be more intense, so concerned about the project, the intention to let this part of the stock of people. However, there are also many qualifications for the assignee, which requires the assignee to be a wholly state-owned or state-owned enterprise registered in China; as of December 31, 2009, the net assets are not less than 10 billion yuan, the assignee's assets and liabilities ratio is not higher than 30%.