Han Cable shares: 28.63 million Yuan acquisition group under the Han River Electric

China Securities Network News (reporter Wang Chunhui) Han Cable shares (002498, shares bar) shares 22nd evening Notice, the company intends to own funds 28.6333 million yuan to buy Han River Group held Han River Electric 100% of the equity. Han River Electric main industry for the transmission and distribution of high and low voltage electrical equipment and related equipment production, manufacturing, the company as at December 31, 2012 net assets of 29.97 million yuan, 12 net profit of 3.3528 million yuan. The company said that the purchase of Han River Electric full equity, is based on Han River electrical performance of good expectations, Han River electric stable growth and profit distribution will be able to bring stable profits to the company.　　At the same time, the completion of the transaction will help reduce the associated transactions with the Han River group. At present, the Han cable shares to wire and cable and cable accessories production and sales as the main business, the company in 12 to achieve a net profit of 255 million yuan. The company's 2012 daily associated transactions are expected to be announced in 2012 and Han River Electric has 6 million yuan of related transactions.