Jana or transfer part of the two foreign funds to buy shares in Shenyang machine tool

Shenyang Machine Tool Group (hereinafter referred to as "Shen Machine Group") 30% the transfer of shares will have new variables. Yesterday, "The first financial daily" exclusive learned that Shen Machine group will likely to 30% of the shares divided into three, and previously intended to share a hedge fund Jana shareholding will be reduced. But it is unclear whether the deal will be implemented because it has not yet been approved by the State authorities. Last June, Shen Machine Group's two major affiliated enterprises Kunming Machine Tool (600806.　SH) and Shenyang machine tool (000410.SZ, hereinafter referred to as "Shenyang machine Tool Shares") at the same time issued a notice that the Shenyang Municipal People's government state-owned Assets Supervision and Administration Committee (hereinafter referred to as "Shenyang Sasac") transfer its holding Shen Machine group 100% of the shares of 49%, after the evaluation of the Holdings Corp. is an assignee of 30% per cent of the Shenyang Machine group, with 19% per cent not determining the assignee. The transfer of the shares still need to report to the relevant State departments for approval. According to the "First financial daily" reporter learned that the Jana company to bid for the 30% stake, will again enter 2 new foreign fund companies. These two foreign fund companies, although not Goldman Sachs and Blackstone and other companies, but also in the fund sector is extremely well-known. At present, due to the restrictions on confidentiality, the specific name can not be disclosed. It is understood that two foreign fund companies in the country has also been the corresponding investment. Their stake in Shen-ji group will be a 30% stake in the company by forming a consortium and Jana. Shenyang Machine Tool 30% of the shares reported before the price of RMB 1.01 billion yuan. It remains to be seen whether there will be an increase in prices after two new fund companies are taking stakes. In addition, now Shen Machine group to sell shares are still actively ready for approval. Previously, the 31 group has also been involved in the competition for this part of the bid, unfortunately defeated. Shen Machine Group is the domestic machine tool industry leader, the planning goal is 2008 production and sales income of 8 billion yuan, will become the world's largest machine tool monomer production enterprises. Analysts believe that Jana's share of the shares already purchased may be linked to a cascade of effects caused by the US subprime crisis. However, some industry insiders said that the formation of the consortium's acquisition behavior, in foreign countries is not uncommon. Prior to this, our National Grid Company was a consortium with the Philippines ' local partner, the Monterey Power grid resource Company (Monte Oro Grid Resources Corporation) and the Kai-La card Company (Calaca-Power Corporation). Got the Philippine National Grid 25 franchise rights. On December 12 last year, the National Grid bid consortium won the franchise with a 3.95 billion dollar bid that was higher than its rival's 45 million dollars.