Hongda mining 300 million to buy Huayang technology or transformation of mining enterprises

The February 9 suspension of Huayang technology seems to be really ushered in the Phoenix Nirvana opportunity. By bidding instead of the original Huayang technology, the first major shareholder of Shandong Huayang Pesticide Chemical Group Co., Ltd. hereinafter referred to as "Huayang group" of Shandong Zibo Hongda Mining Co., Ltd. (hereinafter referred to as "Zibo Hongda Mining") to participate in the bid is clearly aimed at "access to capital market financing platform", because for the　　Pay nearly 300 million yuan money to buy is actually already an "empty shell". "It's worth it."　　"Zibo Hongda Mining Chairman Che Lianwen February 11 to accept the" Huaxia Times "reporter telephone interview, said Zibo Hongda Mining iron ore business needs is only a" capital market financing platform. " At the same time for the recent media coverage of Zibo Hongda Mining Department of the Southern Jin Zhao group wholly-owned subsidiary to clarify: "Zibo Hongda Mining and the south of the gold trillion group is now two independent companies, personal belongings are separated." "Insolvency Huayang Group sadly out January 31, Huayang Group held 31 million shares of Huayang technology in Taian was public auction." Huayang Science and Technology February 9 announced that the Zibo Hongda mining industry to 9.5 yuan/share, the total amount of RMB 290 million won the auction of Huayang technology is the part of the stake, as 31 million shares have accounted for the company's total capital of 20.38%,　　　　Thus make Zibo Hongda mining to replace Huayang group become the new controlling shareholder of Huayang Technology. Huayang Group on the loss of the technology control of Huayang, all debts are caused by the disaster. According to our understanding, Huayang Group has been deeply involved in a number of debt litigation, the company holds the technology stake in Huayang has been the court waiting for a freeze for two years.　　This is because Huayang group owes Cathay Leasing, every day gardening, Ningyang County asset Operation Company, Huaning Mining and other 4 companies more than 200 million yuan overdue, but the court decided to auction its holdings of Huayang technology stake. Huayang Group's core asset is Huayang technology, the other four companies are not large.　　Lu Evan, senior analyst at Cathay Securities, said the Huayang group, which was mired in a huge debt dispute, was expected to be out. HTC Mining the first time after the reorganization of the media reported that the Zibo Hongda mining follow-up to the private issue will be the relevant assets into the Huayang technology. "The aim is to obtain a capital market financing platform for iron ore business."　　Che Lianwen said that there was no contact with Huayang technology before participating in the auction. "We have started the reorganization process at the first time, and the details are being discussed with the parties concerned about the major asset reorganization of the company, and the results are soon coming out."　　"Duan Lian Wen obviously did not want to repeat the previous mistakes of Harbin Manhattan Multivariate Group Co., Ltd. (hereinafter referred to as" Manhattan "), and he also told the reporter that there was uncertainty. This newspaper learned that, located in Shandong province Zibo Linzi District Zibo Hongda Mining began to become rich in iron ore in 1993, at the end of the century iron ore no time, began to invest in iron ore industry. Zibo Hongda Mining Site underground storage of a large number of iron ore, ore body near the mountainEast Iron and steel group under the control of the Shandong Golden Ridge Iron ore, is a sporadic corner orebody, Township enterprises were not suitable for mining the country's big mine, only mining small mines.　　Over the past few years, iron ore demand in the domestic steel industry has surged, iron ore prices have soared, and the South's gold Mega Group has been able to expand rapidly, and has successfully ranked among the country's largest mining groups. Reduced to the shell behind the Huayang technology, the 8-year listing process now only ended up as a shell. After the listing of the company not only did not do strong, but because into the margin of loss and embarked on the road of restructuring.　　Can say, early in the IPO, Huayang Science and technology a series of irregular black-and-black operation on the outcome of the subsequent burial foreshadowing. As once ranked the national pesticide industry in the top 10 enterprises, Huayang technology is now reduced to today's point, and corporate governance system problems are closely related.　　"Luze, deputy director of Shandong Securities and Regulatory Bureau, said in an interview earlier this newspaper because of the serious problems in corporate governance, the Shandong Securities and Regulatory Bureau last September to the Huayang science and technology carried out a case investigation, and pointed out that the company suspected in corporate governance, large shareholder capital occupancy, accounting and information disclosure and other aspects of the irregularities.　　In recent years, Huayang technology by the large shareholder Huayang group as a "cash machine", even to the point of madness. Huayang Group is behind the Ningyang County government. In fact, Huayang technology listing for more than 8 years, from capital operations, funds to the appointment and removal of personnel, assets reorganization, and so on, there is a strong administrative color, this point from the executive appointment of senior executives of the company can be seen. Public information confirmed that before the listing of the company chairman Liu Chaoquan, in the company after the listing is promoted to Ningyang County Deputy Magistrate, successor Guo Manyu also be promoted to Ningyang County County assistant, general manager after the listing of Han Yu after the resignation of the Ningyang County Science and Technology Bureau director.　　In 2007, Liu Jinglu, the chairman, came from the Ningyang County office. "Zibo Hongda Mining to a large extent can get rid of ' government control ', this is obviously a good thing for Huayang technology."　　"Lu Evan said. has been rarely seen in the media zibo Hongda mining industry because of iron ore nearly two years began to cause concern. Last year, the acquisition of Rizhao Iron and steel Group of Shandong Iron and steel group to buy another bid for the Zibo Hongda Mining News, because the Zibo Hongda mining at home and abroad in the control of iron ore resources than Shandong Iron and steel Group more.