GF Securities proposed 2.5 billion RMB transfer

Distance "one to one control" the deadline of less than two months, the issue of Guangdong Securities competition will be resolved. GF Securities announced today that it will be nearly 2.5 billion yuan in the listing price of all the shares of China-owned securities holdings.　　People familiar with the matter said Fujian provincial state-owned enterprises are going to be allowed to share the shares.　　332 million value added to 2.49 billion GF securities The above announcement disclosed that the company's board of Directors has recently considered the adoption of the "on the implementation of the company's holdings of China Fortune Securities Co., Ltd. 60.3519% equity transfer related matters," the proposed price of 2.49 billion yuan for the sale of the holding of the Guangdong Hua Fu 60.35% Equity. According to the introduction, GF Securities will be listed through the property rights trading agencies to transfer the Chinese-owned shares.　　In the specific mode of transfer, if only one of the intention of the transferee (including the consortium) to participate, then directly to the transfer of agreement; If two or more of the intended transferee, then enter the open bidding procedure (using the Comprehensive review method). It is understood that GF Securities in 2003 in the Guangdong-China Securities (formerly as "Fujian Huafu Securities Company") to increase the investment in the latter, become a controlling shareholder. The current registered capital is 550 million yuan, GF Securities investment amount of 332 million yuan, the shareholding ratio of 60.35%.　　If the listing price of 2.49 billion yuan, the transfer of shares means that the Guangdong Securities holdings of China shares of the book market value has been increased from the original 332 million yuan to 2.49 billion yuan, in less than 7 years of time appreciation of 6.5 times times. Analysts believe that the sale of GF-China-Guangdong Securities are compelled to sell, because "one to one control" the deadline is coming. "One to one control" is the regulation of the regulatory department to circumvent the competition between securities companies, that is, an institution or a number of institutions controlled by the same actual control of the amount of equity securities company shall not exceed two, of which the number of holding securities companies must not exceed one.　　December 31, 2010 is the last "deadline" for regulators to fix the problem. Fujian provincial government high prices "redemption" data show that the company was founded in June 1988, is the Fujian Trust and Investment Corporation wholly-owned subsidiary, is also a provincial state securities enterprises in Fujian province. At present, the Guangdong Fuzhou headquarters is still located in Fujian province, in Fujian Province and Shanghai and other place has 34 securities business departments, its Shenzhen West Hongli Road Sales department is currently under transfer.　　The company has also positioned itself as a regional securities firm, placing its foothold in the economic zone on the western coast of the strait. People familiar with the situation said that the company is ready to get the shares of China-fortune securities companies are Fujian state-owned large group investment company, the Fujian provincial government is inspired.　　Prior to the market rumors of Zhongshan public will be let out of China's blessing has been for some reason. The Fujian Investment and Development Group Co., Ltd. is particularly worthy of attention for its large investment group.　　Fujian Investment GROUP by the Fujian Investment and Development Corporation and other 7 provincial investment companies merged into a reorganization, the current total assets of 22.6 billion yuan. According to the Fujian Investment Group website Information, the group in addition toFujian province mainly undertakes a large number of infrastructure construction and operation, but also actively involved in banking, trust, securities, insurance, funds, venture capital, security and other financial and financial services in the field of investment management. and undertake the investment and financing task of the provincial key industries identified by Fujian provincial government, and establish a large investment group of sustainable development with core competence in industry, financial equity and venture capital through industrial and financial equity investment and operation.