German cotton shares: reorganization in progress

German cotton shares held a 2009 annual report on the Internet yesterday.　　Company executives said that the company is actively promoting and Shanghai AI home Investment Holdings reorganization, the relevant parties are in accordance with the requirements of the Securities and Futures Commission to actively organize materials, enrich the program, the reorganization plan is being audited by the SFC, in addition, the group has no assets injection plan. According to the previous reorganization plan, German cotton shares to be all assets, liabilities to 350.5 million yuan sold to the German cotton group, and in cash and to love home holding issued 328 million shares for the price of love home holding the Shanghai Love Home House Property Limited 100% of the equity; Love home holding in agreement with the German cotton group held 52.7 million shares of cotton shares.　　After the reorganization, love home holding will hold a 75.52% stake in the German cotton. Yet the "finishing touches" of a major reorganization have been delayed. Many investors bullish on the company's restructuring expectations and buy, recently the stock has fallen in recent days, even after the German cotton shares in the cap, appeared in consecutive 3rd infinite fall. From April 19 to yesterday, the cumulative decline was nearly 40%. Yesterday in the index sharp rebound, also only slightly rose 0.31%, closed at 6.37 yuan.　　Many of the investors who have restructured have been deeply set up. In yesterday's online explanation meeting, several were deeply set of shareholders worried about the real estate regulation will lead to the company and Shanghai Love Home restructuring failed, in this, chairman Huanhua said that the parties are actively promoting the restructuring process, the company is very concerned about the relevant national policies, related matters will be announced in time.　　Faced with a fall in share prices, Huanhua said the company had no plans to increase its shares or buy back. Asked if the reorganization failure, your company has no response plan, the company's general manager Fanglimin said, the company on the one hand actively promote major asset restructuring, on the other hand, to do a good job in production and management, improve performance. He also revealed that the company's current annual output of about 18000 tons of yarn, there are 230,000 spindles, equipment operating rate of more than 97%.