Gold Lingnan acquires global star Acceleration 95% of common stock acceptance offer

Stock price early emergency suspension, so that investors at a loss! Afternoon plate emergency resumption, the share price soared to the trading position, the tail plate gain narrowed to 4.64%!　　This is the Gold Lingnan (000060, closing price of 20.07 Yuan) yesterday's trend portrayal.　　"Daily economic news" reporter in the Emergency contact Company Securities Department, learned that the company's temporary suspension and emergency recovery card is due to the exchange's real-time disclosure system, the company has an important announcement in the morning to the exchange audit, after the review in the noon after the card. The content of the audit is that the Sino-Lingnan Australian holding subsidiary Pella Co., Ltd. (hereinafter referred to as Pella) acquisition of Canada's global star Mining industry received confirmation letter from the National Development and Reform Commission, as at November 30, 2010 5 o'clock in the afternoon (Toronto time), the global star mining industry has accounted for 95.2% of total equity Common shares accepted for takeover.　　This means that the company's overseas acquisition project is in sight.　　Industry insiders pointed out that the Sino-Lingnan Acquisition Project Market has been expected, but yesterday's performance was so strong mainly did not expect the acquisition progress so quickly. 95.2% of the common stock to accept the offer "gold Lingnan how the early emergency suspension of the plate?"　　"The Daily economic news reporter yesterday morning indirectly to the investors Mr. Liu called the hotline," before the company Shaoguan smelter because of pollution emergency suspension once, now this situation, the company what happened? " After consulting the Bulletin of the Gold Lingnan, the reporter found that the lingnan early in the absence of public disclosure of the major issues, from December 1 onwards, but did not specify the reasons.　　Market insiders speculate that it may be related to the company's production of Shaoguan smelter shutdown. In the afternoon of gold Lingnan, suddenly appeared in the top of the list, let Mr. Liu Happy, before the suspension of the depressed mood also dispersed.　　The reason for the suspension, the Chinese lingnan also in the noon interim notice disclosed. Gold Lingnan announced that Pella acquisition of the global star Mining has been the national Development and Reform Commission's "confirmation letter", and as of November 30, 2010 5 o'clock in the afternoon (Toronto time), has 106 million shares of global star Mining shares accepted the offer, accounting for 95.2% of total equity,　　The validity period of the offer was extended to 11:59 on the evening of December 10, 2010.　　"Daily economic news" reporter then called Gold Lingnan, securities department staff said that the reason for the temporary suspension is because the company this morning to the announcement to SSE Audit, this is the exchange of the new implementation of real-time disclosure requirements, and at noon after the review of the license. According to Fan Haibo analysis of the securities industry analyst, due to the Canadian Toronto and China 12 hours of time difference, the announcement that as of Toronto November 30 5 o'clock in the afternoon happens to be the early morning period, the company's shares will be temporarily suspended in the morning, the announcement content to the exchange,　　This has been a day in the Golden Lingnan suspension and duplicate licensing phenomenon. The industry bullish on the acquisition of Gold Lingnan early in October this year, the takeover intention, Pella and the global Star Mining signed the agreement on Tender offer, in cash mode of $1.65 per share toAbout a 100% stake in the global star mining industry, totaling about 111.5 million shares, about 184 million Canadian dollars (about 1.196 billion yuan). A number of researchers in the industry are more optimistic about the acquisition of Gold Lingnan, mainly because the global star mining mainly copper, silver, nickel and lithium metal, after the completion of the acquisition of Gold Lingnan reserves (to 52% of the rights and interests measured, the same below) is expected to increase 57700 tons of copper, 3 tons of gold　　After considering the exploration areas controlled by the global Star Mining Company, the company's long-term interest resource volume is also quite optimistic. Fan Haibo also pointed out that in 2009, the Golden Lingnan successfully acquired a Pella 50.1% stake in the low price of 45.46 million Australian dollars, the project from the date of acquisition to the end of the year to achieve net profit of 31.08 million Australian dollars, the investment that is to obtain good returns.　　The Pella acquisition of the global Star Mine, in the first half of 2010 to achieve net profit of 9.5 million U.S. dollars, about 63.65 million yuan, the company's performance will also have a certain contribution. In addition, the 2010.5 Annual report shows that Pella company has a cash of about 81.1 million RMB, the ratio of assets to debt is 58%,　　Through its own acquisition of the required 11.92 yuan seems to face greater resistance, but the Chinese south as its controlling shareholder sitting in cash 1.449 billion yuan, coupled with the company's full support, the acquisition of funds needed to raise no major obstacles. Gold Lingnan yesterday announced that more than 95% of the world's star common shares accepted an offer, that is, the acquisition has largely removed the obstacles, the industry analysts generally believe that the acquisition speed exceeded expectations, but also worried that the mining giant Rio Tinto acquisition of PotashCorp was rejected by Canada, The acquisition of most of the minerals in the Domincan Rep., mining and other issues are also key.