Ternary shares 350 million sold assets to prevent being St

In order to avoid wearing the "ST" hat, since March 2009 mergers and acquisitions of some of the core assets of Sanlu Group, due to integration problems continued to lose the triple shares (600429.　　SH) began to sell assets, in order to pass. Yesterday, ternary shares (600429.　　SH) announced that the company will pass the Beijing property rights transaction, so no less than 350 million yuan to transfer a wholly-owned subsidiary of Beijing Huaguan Dairy Products Limited Liability company (hereinafter referred to as "Huaguan Company") 100% of the equity. After the acquisition of some assets of Sanlu Group, ternary shares had the opportunity to enter the first camp of dairy industry, but due to the integration problem, the net profit attributable to the owner of the parent company was 128 million yuan. According to the third quarter of 2010 report, released October 28, the company continued to lose in the first three quarters, the cumulative loss of nearly 76.21 million yuan. In January-September this year, the impact of the acquisition of SANLU assets, its net profit fell 27.77% Year-on-year, the third quarter is a net loss of 20.69 million yuan, the year-on-year decline of 405.29%.　　According to the relevant regulations of the Shanghai and Shenzhen exchanges, listed companies for two consecutive years of loss, the stock short name will be dubbed "ST". "For dairy companies, being branded St not only has a bad reputation, but also has an impact on its brand."　　"said an analyst in East Asia.　　and the sale of the company will give ternary shares more than 350 million yuan of income, such as a smooth listing to sell, not only can increase the company's cash flow, ternary shares will also remove the "ST" risk. Ternary shares that according to the assets owned by the company, is now a better time for transfer of equity, to obtain higher transaction prices. Prior to that, in half a month, September 27, October 12, two consecutive intensive capital increase, respectively, 48.4 million yuan and 210 million yuan.　　As at October 31, 2010, Huaguan Company Total assets of 282 million yuan, net assets of 281 million yuan, total liabilities of 1.35 million yuan, operating income of 1.45 million yuan, net profit of 140,000 yuan. According to people familiar with the matter, the company has previously been a ternary stake in Beijing, one of the important capacity, but the three shares said that at present, Huaguan company has been newly built residential areas surrounded by traffic is extremely inconvenient, the factory daily production and raw materials, finished goods transport to the Community residents caused a certain impact.　　At the same time, in order to meet environmental requirements, the company invested a lot of money on sewage, soot, noise and other sources of pollution control, to some extent, increased the company's operating costs. and ternary shares in 2009 has begun to invest in Beijing Daxing District New dairy Industry Park, daily processing capacity of 1200 tons of fresh milk, is expected to be completed in the middle of 2011 into production.　　After the industrial park is put into operation, the production capacity of Huaguan company will be transferred to the industrial park to avoid the duplication of manpower, equipment and ancillary facilities.　　In addition, Daxing Industrial Park is in the investment period, still need large funds, the transfer of the company's income will increase the company's cash flow, easing the situation of capital tension. In addition to alleviating financial pressure, the sale of Huaguan company is also conducive to three yuan to deal with Mengniu, Yili to its stronghold northBeijing market Competition. June 2009, Mengniu, Yili after the recovery of the dairy crisis began to encroach on the Beijing market, and ternary not only failed to keep the peak 90% of the market share, and has been stagnant since then, and Huaguan dairy products mainly produce cheese and other dairy, although there is a profit but not to the company's contribution to the new industrial park,　　can increase the ternary liquid milk production capacity, is conducive to ternary concentration and Mengniu, yili competition for Beijing liquid milk market. Eastern Edgar analysts believe that, although the integration of Sanlu to bring huge losses, but ternary will not sell Sanlu in Hebei assets. Three yuan to receive Sanlu assets are mainly milk powder business, its gross profit margin generally between 40%~50%, far higher than ternary before the main business of liquid milk, integration after the potential of a huge.