First Brigade shares restart asset acquisition or "Ticket sharing"

Every reporter Zhang Anqi Li Wenyi intends to make a major asset acquisition through Non-public offering shares (600258, closing 17.4 yuan) yesterday started suspension. "We were expecting the company to start restructuring again, but unexpectedly it came so quickly," he said. "Wanguo's chief researcher, Chen Haiming, said of the daily economic news."　　November 2008, the first brigade shares of the Board of Directors resolution to withdraw the application of public offerings, which means that more than a year to the public to buy three hotels in the reorganization plan "abortion." After 6 months, the first brigade shares again start the reorganization of assets, the reporter learned that the reorganization in the asset acquisition of equity ratio, the way of acquisition will have many adjustments.　　On the other hand, the reorganization of the launch also means that the Nanshan Scenic Area tickets will be put on the agenda again. The share of shares may increase the first brigade shares yesterday announced that the company intends to carry out a major asset acquisition through directional additional shares, the company's stock from the same date of suspension, the suspension of time not exceeding 30 days.　　According to the Daily economic news reporter understands that the first Brigade shares this directional additional, the target will be the first Brigade Group's Peace Hotel and the new Qiao Hotel.　　The first brigade shares the acquisition of the first Brigade Group's hotel assets, as early as September 12, 2007, the first brigade shares said to open additional 25 million shares, raise funds 791 million yuan, for the acquisition of Peace Hotel 51% Equity, Xin Qiao Hotel 51% shares and Qianmen hotel overall operating assets.　　May 5, 2008, the public issued a A-share application was approved by the SFC, the first brigade shares of the closing price of 34.5 yuan, but until November 11 the company's shares have fallen to 7.72 yuan, the first brigade shares of the issuance plan has not been completed.　　After that, the first trip shares decided to buy the Qianmen hotel, the purchase price finally set at 335 million yuan. Director of the first trip to the Secretary of the Office of the Secretary to the reporter disclosed that the first trip shares decided to suspend the plan to set up additional, the goal is to buy peace hotels and new overseas hotels related equity.　　According to people familiar with the matter, the first brigade shares may increase the proportion of acquisitions, to buy a peace hotel 70% stake and the new overseas Hotel 100% Equity, on the original basis of the increase of 19% and 49% respectively, mainly because of the proposed acquisition of three hotels are currently only two, and the scale of fund-raising is expected to remain unchanged. Referring to targeted additional, the person also revealed that the additional object is likely to be Beijing Sasac subordinate an investment company, if not successful may be for the major shareholder First Brigade Group for additional.　　According to the current market situation, the additional price is likely to be around 15 yuan, which means that the issuance of shares will reach 50 million shares, is the last proposed public shares twice times. It is understood that the Peace Hotel 2008 net profit of about 21 million yuan, Xin Qiao Hotel about 12 million yuan. Great Wall Securities tourism industry researcher Liu Yuping told reporters, from the Peace Hotel and the new overseas Chinese hotel business situation, as the Peace Hotel and the new overseas hotel are four-star hotel, regardless of operating incomeand net profit is better than the Qianmen hotel, if the first brigade of the final successful acquisition of the two hotels, the company can increase the net profit of more than 20 million yuan per year, earnings per share can be increased by 8 cents.　　"Ticket sharing" or will be put on the agenda again decided to carry out asset acquisition, the most concern is the company Nanshan Scenic Area tickets to the issue or will be put on the agenda. Last year, after the opening of the Securities and Futures Commission passed, the first brigade shares have been delayed to obtain relevant approvals, and eventually had to because of the two-tier market share prices continued to fall, the issuance of conditions change and withdrew the application.　　The key reason for not getting approval is that the company has not solved the problem of the admission of Nanshan scenic spot. The first Brigade shares direct shareholding 73.81% of Hainan Nanshan Cultural Tourism Development Co., Ltd. (hereinafter referred to as "Nanshan culture") mainly engaged in Nanshan Scenic Area, 2008, Nanshan Scenic spot to achieve a net profit of 162 million yuan, an increase of 25% per cent, The first Brigade shares 2008 full year net profit but 173 million yuan, obviously, Nanshan Scenic area is the company important profit source and achievement growth point.　　But located in the South Mt. scenic core assets, "sea Guanyin" is not all Nanshan culture, Nanshan culture has been enjoying the Nanshan Scenic area of the ticket income. Last year, while applying for public offerings, the company is also stepping up on the Nanshan Scenic Area tickets to solve the problem, originally with the Sanya state-owned asset management company signed the "Nanshan Cultural tourism Zone ticket sharing agreement", but Sanya government because the agreement needs and "sea Guanyin" asset transfer and other related issues, not approved,　　led to the division of the problem has not been resolved, the final public offering also "abortion." The directional additional or the Nanshan Scenic Area tickets to the issue of the company's agenda. Zhang Hao, a researcher at GF Securities, said the shares of the first brigade would be overvalued if they were to be split into a certain impact on the company's performance. Conversely, if the partitioning problem is still unresolved, then there is a risk that the targeted additional grant will be approved.