Shanghai Jinling and large shareholder asset replacement expired

NetEase Finance November 4 Shanghai Jinling Evening Notice, the company's major asset replacement and related transactions due to the expiration date has been natural failure, the company and the Shanghai Instrument Electric Holding Group will terminate the transaction at the same time.　　The company's asset reorganization stranded, or because of related transactions with major shareholders to accept the SFC investigation, also may be according to the original plan after the replacement of assets, the company will become a real estate company, the current policy regulation on the reorganization of listed companies after the adverse performance of the reorganization. The original plan will become real estate stocks last September, Shanghai Jinling announced a major asset restructuring plan. The company will be with the large shareholder instrument Electric Group for asset replacement, from the traditional electronic manufacturing to the real estate sector.　　The value of transaction assets amounted to 342 million yuan. The company's assets are related to its 7 participating subsidiary companies, respectively, Shanghai Jinling Surface Mount Co., Ltd. 100% of the equity, Hong Kong Electronics Co., Ltd. 100% of the equity, Hangzhou Jinling Technology Co., Ltd. 53.18% of the equity, Shanghai outside the Greek Circuit board Co., Ltd. 40% of the equity,　　Shanghai Pu Lin Electronics Co., Ltd. 75% of the equity, Shanghai Lin Circuit Board limited 100% of the equity, Shenzhen Jinling Communication Technology Co., Ltd. 41.29% of the equity. Shanghai Jinling is to be placed in the assets of the instrument and electricity group's wholly-owned subsidiary of Shanghai Yi Branch Investment Management Co., Ltd. (hereinafter referred to as the Yi Ke company) 100% equity. The company registered on August 31 this year, all by the instrument and electricity group in the currency one-time contribution; in September, the instrument and electricity group, in its possession of the Yee-Dian building to the company to increase capital, so that the registration of the company's registered capital of 42.6 million yuan before the change to 142 million yuan.　　In this transaction, the estimated value of the placed assets is 342 million yuan.　　Shanghai Jinling said that through the transaction, the company will be stripped of the poor profitability of the electronic manufacturing assets, the withdrawal of traditional electronics manufacturing, at the same time into the commercial real estate, the formal implementation of the real estate business development and management platform for strategic planning. Due to the related transactions were investigated company in early September received the "China Securities Regulatory Commission Shanghai Inspection Bureau Investigation Notice", because of alleged violations of securities laws and regulations, the company has been filed for investigation.　　At the same time, the company's controlling shareholder Shanghai Instrument Electric Holdings (group) company also received the SFC Shanghai Inspection Bureau Investigation notice. The company said earlier, has conducted a preliminary self-examination, the investigation is only suspected of not according to the provisions of the disclosure of information, does not involve the company's operating activities.　　The company and the controlling shareholder will also cooperate with the Supervision Department's investigation and disclose the relevant information in time.　　According to media reports, the Shanghai Jinling Securities Affairs representative Zhang Jiantao said that the reason for the investigation is the 2009 annual report, the company did not disclose shareholder Hua Ming investment and sensitive investment of the consistent action-person relationship. It is reported that May 7 Shanghai instrument and electricity group through the bulk of transactions from Huaming investment and sensitive investment respectively to buy 22.7246 million shares and 11.9765 million shares of Shanghai Jinling, the transaction price of 6.42 yuan per share. Among them, Huaming investment, Mintel investment is originally Shanghai Jinling two shareholder, four shareholder, but Huaming investment and sensitive investment actually allFor Shanghai instrument and Electricity's holding subsidiary, however, for Shanghai instrument Electricity and the two subsidiaries of this relationship, Shanghai Jinling did not in the subsequent announcement, said only: "The largest shareholder in public transactions to increase the company's shares." Shanghai Jinling closed its 7.33 yuan today, rising 1.52%.