Guang-ri Backdoor wide-steel project produced by the wide-steel transformation elevator manufacturing Enterprises

After two months of suspension, Guang Steel shares (600894.　　SH January 9 Evening finally released a announcement of the reorganization plan. After the reorganization is completed, the steel shares will be the original steel manufacturing related business, and through the asset replacement and non-public distribution to the main business into elevator machine manufacturing, elevator parts production and elevator logistics services as the core of the elevator manufacturing related business, Guangzhou Municipal State-owned enterprises Guangzhou Guang-Day Group Co., Ltd. (hereinafter referred to as "Canton Day Group"　　) will also be backdoor shares to be listed. According to the specific plan announced by the Guangzhou Steel shares, the company shares 91.91% of all assets and liabilities as at December 31, 2010 (hereinafter referred to as "proposed assets") and Canton Day Group Limited (hereinafter referred to as "the shares of Guang-ri") as at December 31, 2010 (hereinafter "the proposed assets").　　) to replace, the difference part of the cash supplement. In addition, Guang-steel shares to the Guangzhou-Asia General Industrial Co., Ltd., Guangzhou Huadu General Group Co., Ltd., Guangzhou City, South China Technology Co., Ltd. Non-public offering shares to buy the total holdings of the company's 8.09% shares of the Guangzhou-Japan shares.　　It also means that a 100% stake in the Guangzhou-Japan stake will be placed in the Canton Steel stake.　　The Guangzhou-Japan group will be subject to a stake in the broad steel holdings of the Canton Steel Group after a replacement of the current steel assets in the Guangzhou-Japan stake payment of the total price of 2.93 billion yuan, Canton Day Group intends to put out the assets to pay, the difference part of the cash supplement, which also means that the original steel assets of the steel shares back to the Canton Steel Group. According to the reporter of the first financial daily, the Guangzhou-Japan elevator is currently one of the largest escalator equipment suppliers in South China, and its shares also hold 30% of Hitachi Elevator (China) Limited. 2008, 2009 and 2010 1-September. The business income of Guang-ri is 1.426 billion yuan, 1.456 billion yuan and 1.315 billion yuan respectively, the net profit is 135 million yuan, 197 million yuan and 178 million yuan in the same period.　　This is much better than the situation before the Canton Steel stake. According to the public financial data, the broad steel shares lost 19.8021 million yuan in the first three quarters. However, some investors believe that, as the steel assets of the Canton Steel Group will eventually shut down, the 1.35 million square meters of land assets of the Canton Steel Group, if the future of commercial potential value of tens of billions of dollars, and in the three quarterly Bulletin of the Canton Steel, Guang steel 1.35 million square meters of land in the canton Steel shares in the financial statements of only about 650 million yuan, this block in the future relocation of compensation value may be underestimated.　　In fact, in this reorganization plan, this transaction proposes to set the asset the preliminary valuation also only 2.149 billion yuan. In this regard, Peng, senior researcher at the Guangzhou Academy of Social Sciences, told reporters, according to the Guangzhou government issued in 2008, "on the promotion of urban industry," "back to the second three" work, located in the Ring expressway within the scope of the impact of environmental protection enterprises should be moved for a period of time,into government reserves.　　Therefore, as a list of relocation enterprises listed in the "Back to the third" to relocate the shares of the land such as the government reserves, the Government in accordance with the original industrial land replacement costs, machinery and equipment relocation, loss of business and staff placement costs after the assessment of compensation. Peng further indicated that the benchmark land price is divided into commercial land, residential land and industrial land three categories, the Canton Steel industrial lands were recovered by the government, will carry out the normal procedure, the development of qualified enterprises photographed, land attributes will be converted to commercial use.　　He considered that the prospect of the use of commercial land prices by the broad steel shares for the relocation of industrial land was misreading the current policy. Guang Steel shares of the internal management told reporters that after the reorganization of the plan, the broad steel shares will be on January 10, but the plan has yet to be widely held by the General Assembly and the State Council SASAC, Ministry of Commerce, the SFC and other relevant government departments approved to pass.