Huayang Science and technology planning major asset reorganization continue to suspend trading for 30 days

NetEase Finance February 15 News Huayang Technology 15th issued a major asset reorganization announcement, said the holding shareholder Zibo Hongda Mining Co., Ltd. is planning the company's major assets reorganization matters.　　Therefore, there is still greater uncertainty in the restructuring of the major assets, in order to protect the interests of investors, to avoid a significant impact on the company's share price, the company application, the company's shares have been suspended from February 9, 2011, in accordance with the relevant provisions, is now applying for the company's shares since February 16 continue to suspend According to the announcement, as the company intends to publish the announcement within 30 days after the publication of the listed companies in accordance with the management measures for major assets reorganization and other relevant provisions, the Board to consider major asset reorganization plans, independent financial advisers will issue verification advice. The company shares will resume trading after the company discloses a major asset reorganization plan. If the company fails to convene a board to consider a major asset reorganization plan within the above period, the company's shares will resume trading on March 18, 2011 unless approved by the regulatory authority, and the company is no longer planning major asset restructurings within 3 months of the resumption of the stock exchange.　　During the suspension, the company will publish a weekly notice of the progress of the matter. Prior to January 31, Huayang Group held 31 million shares of Huayang technology in Taian was publicly auctioned. 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. There are media reports that the Zibo Hongda mining follow-up through the Non-public offering will be the relevant assets into the Huayang technology. "The aim is to obtain a capital market financing platform for iron ore business." "has been rare in the media of the 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. Second-tier market, the stock suspension of the day before the shock Rose 1.66%, the report closed at 9.79 Yuan.