High-hung shares to buy Yang Gao Yang, more than a number of related personnel to suspend trading before the frequency

The suspension of nearly 4 months of High-hung shares (market, interrogation) (000851, the former closing price of 7.86 Yuan) today disclosed a set of increase and related trading plan. The company plans to buy a 63.65% per cent stake in the firm by issuing shares that are close to 3 times times the premium. Financial profit, current savings rate of 1000% but, after verification, in the company before the suspension of the six months, including the company General Manager Secretary, vice president of the subsidiary, management, relatives and many other related personnel have frequently traded company shares. But law firms say the number of transactions is small and not insider trading.　　Interestingly, the spouse of a signed lawyer at the law firm also bought and sold shares in the company during the period. The increase in the acquisition of Gao Yang, the remaining shares of the announcement, High-hung shares proposed by the way, to 518 million yuan to buy Gao Yang, 63.65% of the equity. Trading new shares of about 67.7634 million shares, the price of 7.65 yuan/share, compared to the company before the suspension of the stock price of 7.86 yuan/share discount of about 2.67%. The company has already made a 36.35% per cent stake in the high Yang Jiexun.　　After the deal is completed, the company will hold a 100% per cent stake in Gao Yang. It is reported that Gao Yangjie Xun was founded in June 2005, is an E-commerce company, its main business for the Internet micro-digital commodity trading business, payment software business and third-party payment business. Data show that the high Yang Jiexun E-commerce business mainly to provide Internet phone recharge service. At the same time, the company also with Taobao, Tencent, Shanda, NetEase and other more than 400 gaming companies and Internet E-commerce companies to provide exchange recharge business.　　Not only that, Gao Yangjie, a wholly-owned subsidiary of 19, received a third party payment licence in 2012. Analysts pointed out that the acquisition of high Yang Jiexun will promote High-hung shares existing business in the industrial chain extension. In particular, as a provider of electronic payment solutions, the virtual operators can provide online and offline complete customer payment solutions.　　After the completion of the acquisition, High-hung shares will also have a Third-party payment license, the company's existing information value-added services business and e-commerce business will be able to use their own electronic payment platform. In addition, it is worth noting that the High-hung shares of Gao Yangjie Xun 100% of the pre-valuation of about 814 million yuan, the acquisition of the 63.65% equity equivalent to 518 million yuan, value-added rate of 288.81%. June 18, 2013, the company in the acquisition of 169 million yuan combined with 100 million yuan to increase capital to obtain a high Yang Jiexun 36.35% of the transaction, the Gao Yangjie Xun all the assets of the valuation is 645 million yuan. For two times before and after the acquisition, the evaluation value of nearly 170 million yuan difference, the company said that one is the company to Gao Yangjie fast increase capital of 100 million yuan, Gao Yangjie Xun net assets increased; second, high Yang Jiexun 2013 1 ~ July, the net profit achieved exceeded the previous assessment report.　　In addition, the differences in the value of the evaluation point of difference also result in the discount values. A number of related personnel prior to the sale of stocks, "Daily economic news" Reporter noted that the increase in the current, although not a heavyLarge assets reorganization, but still apply the "listed companies major assets reorganization management measures."　　As a result, the company's legal advisor, Bank of Law, the company and the parties involved in the transaction and other relevant personnel in the company 6 months prior to the suspension of business transactions were verified. After verification found, High-hung shares subsidiary general manager Zhang Yi, general Manager Secretary Liu Lu, chief engineer Office Li Yongfung Father Li Junyi and insider information insider Cheng wife Wei Sufang All in the 6 months before the suspension of trading company stock.　　Among them, Zhang Yi operation is most frequent, its in the period from December 7, 2012 to April 23, 2013 has 15 times to buy and sell company shares, but the volume of a single pen is not high, the biggest one for this year March 25 buy 5400 shares operation. In addition, Du Chenhao's parents, one of the trading party's Datang Investment Management analyst, also traded a small share of High-hung shares in April-May this year.　　But most surprisingly, Muman's spouse bin Han, a signing lawyer for the company's legal adviser, also held several short-term deals on High-hung shares last December. In this respect, the Bank of Heaven and silver law firm issued a statement that the number of such personnel transactions is small, and did not use insider information, not insider trading, does not constitute the legal obstacles to the reorganization. The above-mentioned personnel also said that they are willing to the restructuring of the 6-month prior to the suspension of the sale of High-hung shares of any proceeds of all free, unconditionally attributable to High-hung shares.