For the protection of directional additional Roe Island reluctantly sell "room"

Yesterday (November 17) Roe Island (002069, closing price of 45.30 Yuan) issued a notice of equity transfer, the company intends to hold the Dalian Roe Island tillage Real Estate Development Co., Ltd. (hereinafter referred to as the farming of Haiti) 100% Equity transfer to the major shareholder Investment Development Center, the transfer of equity prices of 124 million yuan. Tilling the Sea property is mainly engaged in real estate comprehensive development business, profitability is quite optimistic, in this case Roe Island resolutely stripping real estate business, for the company is helpless.　　A large brokerage analyst told The Daily Economic news reporter, Roe Island to peel off real estate 100% Equity, the purpose behind it is to ensure the smooth implementation of directional additional. 124 million yuan transfer of real estate company yesterday aquatic products leader Roe Island issued a notice, announced the stripping of real estate business, focused on the main business development.　　The company said that it would hold a 100% stake in the Plow Sea property transfer to the major shareholder Investment Development Center, the transfer price of 124 million yuan. The transfer price of the equity is 124 million yuan, compared to the Plow Sea Real estate audit, evaluation base on the net worth of 103 million value-added 21.1975 million yuan, value-added rate of 20.65%. In addition, Roe Island has a 237 million-dollar claim on arable Haiti, and the recipient Investment Development Centre will be paid in cash by the end of this year.　　And in the transfer of the stock right after the smooth implementation of Roe Island will be fully withdrawn from the real estate industry. Data show that the farming land is mainly engaged in real estate development and operation, registered capital of 100 million yuan, as at December 31, 2009, the company has not yet carried out substantive project operation, the year of the Plow Sea real estate to achieve a net profit of 6.105 million yuan.　　At present, the foreign investment enterprises of the plough-sea real estate, including Dalian US real Estate, the Plow Sea property and Dalian to plough the real estate service company, in which the current operation of the Plough-sea property development business is concentrated in US real estate and ploughing the sea home. The brokerage analysts told the Daily Economic news reporter, the equity transfer premium ratio is not high, the deal on the Roe Island main business and fundamentals do not constitute a direct impact. Despite a 124 million equity transfer and 237 million claims, the actual income was only 21.2 million yuan, contributing less than 5 cents to earnings per share for the year 2010. The analyst said that although the Plow Sea real estate currently does not have a substantial profit, but the company's future profitability is more favorable, of which US real estate in 2010 developed a "Farming seamount still" project, the project is expected to be completed by December 2011, will produce a return on investment.　　In the profitability of a more determined and more optimistic background, Roe Island spin-off of the company's equity more is a kind of helplessness. Directional additional or will open December 18, 2009, Roe Island issued targeted additional plans, to 29.22 yuan/share price to not more than 10 specific objects issued 28 million shares, raise funds not more than 800 million yuan.　　The main investment company's mariculture and processing business, including the new annual rolling 250,000 mu of shrimp and scallop bottom Seeding multiplication project, Roe Island Shellfish Processing Center project. In the next year, however,There has been no progress on the company's issuance plans. The analyst believes that the main reason is that the company owns the property business, and the regulatory authorities on the property business of the listed companies refinancing audit is very strict. "However, after the real estate business barriers have been cleared, it is expected that the company's additional plans will be successfully approved." In fact, in the early stage of agricultural listed companies, Fung Lok seed Industry (000713, closing price of 17.98 Yuan) also appeared similar situation. The company also issued a targeted additional plan in December 2009, June 29, 2010 issued a transfer of Fung Lok Real estate 100% share of the announcement, October 21 announcement of the direction of the issuance of the issue of the Audit committee passed the message.　　Therefore, from the early period Fung Lok seed industry, Roe Island, the possibility of targeted additional grant is very large. The analyst also pointed out that the Roe Island stripping real Estate recovery cash and transfer liabilities of total 360 million, plus the issuance of 800 million funds, the company 2011 cash flow will be quite abundant, the company is expected to increase the expansion of resources as a representative, corporate value will also be rapidly thickened.