Golden Dream broken SST autumn Forest suspended planning of major asset reorganization

With the SST Autumn Forest (600891) a paper suspended the planning of major assets reorganization of the announcement, the company has not yet completed the share reform of St Companies "Midas" reorganization story, as well as the businessman Pingguijie how indirect control of SST autumn forest legend also screeching end. SST Autumn Forest announced today that as the reorganization of Fang and gold to inject the assets involved in more subjects, has not completed the reorganization of its assets, the conditions of the major asset restructuring is not yet ripe, so the gold and the decision to terminate the major restructuring of the company, and to the company, the company decided to cancel the reorganization of the matter, and undertakes to no longer plan major assets reorganization matters within three months from the date of publication of the Bulletin. The company disclosed on January 12, 2011 that it was planning a major asset reorganization and pledged to convene a board of trustees to review and disclose the reorganization plan before February 11, 2011.　　Earlier December 6, 2010, the company for the share reform plan for the provisional shareholders of the General Assembly vote, the stock on the same day since the suspension has been. Prior to this, the first major shareholder of the SST Autumn forest Heilongjiang Ben Ma Industrial Group Co., Ltd. held 59.9137 million shares (the SST autumn Forest Total equity of 24.6%) has been all transferred to Heilongjiang Ben Ma Investment Co., Ltd. (Yu Yi and Gold Holdings 70%) under the name, and the gold itself has completed the transfer of equity and capital increase, After the businessman Pingguijie won the Yi and gold 65.5% of the controlling power, and indirectly control the SST autumn forest.　　So far, the early work of SST autumn forest reform has been basically completed, only the implementation of directional Shang and the transfer of equity can complete the reform. November 26, 2010, SST Autumn Forest disclosure of shares reform instructions, Yi and Gold will be the gold inventory assets of about 266 million and 82 million yuan of cash donated to the listed companies, to pay all non-tradable shareholders to pay the cost of the share reform, and the Yi and gold commitment will be in the implementation of the split-share reform scheme within 12 months of the completion of the overall injection of high-quality gold jewelry assets Ben Ma Investment and Gold is also committed to the implementation of the reform since the completion of the 48-month period from the two-level market reduction of shares in the reduction of the price is not less than 25 yuan/share.　　And the share reform plan announced, SST Autumn Forest on November 29, 2010 from 5 consecutive trading days opened on the closed trading, before the closing price of 15.23 Yuan. But the transfer was seen by market participants as a fog. Data show that Ben Ma investment was set up on November 2, 2010, registered capital of 100 million yuan, of which Yi and gold holdings 70%, Ben Ma group shareholding 16%, the National Open Gold Holdings 14%. As the controlling shareholder of Ben-Ma investment is Yihe and gold, the transfer of shares means that the actual control of the SST autumn Forest will become Yihe and gold. Data show, Ben Ma Investment was founded in November 2, 2010, that is, the reform plan announced the 15 days before the announcement. It is clear that the company is just a shell company for stock. According to media reports, the strength of Yi and gold is not outstanding. According to the data, as at the end of 2009, Yi and HuangGold total assets of 209 million yuan, net assets of 170 million yuan, the main business income of 317 million yuan, net profit of 45.6 million yuan. The restructuring fails, and gold will pay more if it cannot complete its asset consolidation for the remainder of the time. According to the special commitment of the SST Autumn Forest share splitting reform specification, if Yihe and gold are not expected to inject high-quality gold jewellery design and other assets within 12 months after the implementation of the split share reform scheme, YIHE and Gold will chase the cash 20 million yuan to the listed companies within 20 working days after the expiration of 12 months.