Increase the price set to reduce the bottom line *st to restart restructuring

After the asset restructuring programme was vetoed by the shareholders ' meeting, *st today launched a second program compared with the previous plan, the purchase of the target assets of the content, valuation has no significant changes, the core is the previous 4 yuan/share price increase to 4.3 yuan/share, in addition, the reorganization of the party also made a future *　　St Heng's share price is below 20 yuan when not to reduce the special commitment. *st on January 10 this year disclosed a major asset restructuring plan, to the reorganization of the group, such as the three objects to issue about 220 million shares, the purchase of its holdings of about 880 million of the estimated value of auto parts assets, the additional price of 4 yuan/share. Since *st's reorganization is part of the bankruptcy reorganization plan, it is stipulated that the price of its shares in the purchase of assets shall be negotiated, and that at the general meeting, the voting rights of the shareholders at the conference must be held at 2/3 and the voting rights of the public shareholders at the meeting will be passed, and the relevant shareholders　　However, at the company's January 25 meeting of shareholders, the reorganization plan agreed only 56.4%, according to people familiar with the matter, small and medium shareholders believe that the issue of the issue and voted veto, directly led to the reorganization plan was not. According to *st and the reorganization of both the group and the concerted action of Aetna Technology and Natural Person Jiangianghiang signed the new "issue shares purchase asset agreement", the company will issue shares to the three parties to buy its total holdings of Ningbo Sheng Automotive Electronics Co., Ltd. 75% equity, Changchun Sheng Auto Parts Co., Ltd. 100% Equity, Hua Tak Plastic Products Co., Ltd. 82.3% Equity and Huade Ben Source 100% equity, and determine the price of the transaction is 887 million yuan, shares issued prices negotiated for 4.30 yuan/unit, a total of about 200 million shares issued.　　This issue price than the first was no plan for the increase of 0.3 yuan per share, the additional shares to reduce the corresponding reduction of about 20 million shares. In addition, the new scheme wins the group's special commitment to: First, if the *st stock market price of two is less than 20 yuan/share, do not reduce its holdings of stocks; second, both the group and its concerted action and joint-stock company signed the "profit compensation agreement", all WINS group commitment: *st to buy assets 2011,　　The net profit attributable to the owner of the parent company in 2012 and 2013 is not less than 150.58 million yuan, 176.46 million yuan and 193.22 million yuan respectively. In addition, the reporter noted the recent National Development and Reform Commission approved by the group to buy Germany Preh GmbH shares. and currently in the Preh Group and Germany, the joint venture company in Ningbo, China, all won the 50% equity plan injected into the *st, the group said that in three years will be the German Prehgmbh company equity to solve the market concerns of the competition, but also to ensure that the company continued to develop. Relevant data show: Germany Preh GmbH is a veteran auto parts supplier, founded in 1919, mainly for the vehicle enterprise development and production of driver control and vehicle sensor systems, as well as controller andAssembly system, the world has 6 branches of production and sales base, customers covering all the world's high-end car manufacturers. Preh GmbH has many patents in automotive electronics, BMW idrive and Audi MMI systems have a number of important technical patents owned by Preh, is the automotive driver control system, electronic control Unit (ECU) and sensors and other fields of industry leaders. Responsible Editor: NF045