Deep Tianma a directional additional purchase of Shanghai Tianma stock has not been adopted

NetEase Finance December 30 News deep Tianma a night notice, the company issued shares purchase assets and related transactions have not been approved by the SFC. Shen Tianma A prior disclosure of targeted additional purchase assets report. The announcement indicated that the company will issue no more than 156 million shares to the major shareholder Shenzhen AVIC Group, Zhangjiang Group, Shanghai state-owned company and the investment group, in order to buy the latter owns 70% of the Shanghai Tianma.　　Earnings forecasts show that the Shanghai Tianma will be the main source of profit for the future of Shen Tianma A. According to the agreement, deep Tianma A to the price of 5.34 yuan/share, the issue of 44.71 million shares, 42.58 million shares, 40.45 million shares, 21.29 million shares (total 149 million shares) shares to buy large shareholder Shenzhen AVIC Group, Zhangjiang Group, Shanghai state-owned companies and investment Group held respectively in Shanghai Tianma 21%, 20%, 19% and 10% of the equity.　　After the completion of the transaction, Shenzhen AVIC Group will hold 42.4% of the shares after the issuance of the company, with Zhangjiang Group, Shanghai state-owned company and the investment group Holding 5.89%, 5.59% and 2.94% of the total share capital of the company after issuance respectively. Shanghai Tianma mainly produces small and medium sized flat panel displays and modules below 10.4 inches, and the first 4.5 generation TFT-LCD production line is the highest algebraic production line for small and medium sized products, which can meet the requirements of thin form, high solution image and low power consumption. The report shows that Shanghai Tianma up to the base date of the value of the net assets of 1.137 billion yuan, its 70% equity valuation of about 796 million yuan.　　After the completion of this transaction, the company will wholly-owned Shanghai Tianma. But because the LCD industry is affected by the market environment and economic cycle fluctuations, and the first to fourth quarter of the year for TFT-LCD sales of the off-season, Shanghai Tianma is still at a loss.　　Data show that Shanghai Tianma 2008 loss of 115 million yuan, 2009 years ago three-quarter loss of 135 million yuan. However, the earnings forecasts report gives an optimistic estimate. Deep Tianma A is expected, the company 2010 will realize the ownership of the parent company's net profit of 19.41 million yuan, of which Shanghai Tianma to achieve a net profit of 31.81 million yuan, become the company's main source of profit.