Kinder development change to sell corn oil "gorgeous turn" excellent results

After 11 months of slow journey, holding a kinder development (000639, closing price of 32.80 yuan) stock investors have finally seen the dawn of victory! Yesterday (December 1) Kinder Development Notice said that the company's major assets sold and issued to purchase assets and related transactions have been approved by the Merger Committee.　　"The implementation of the above action means that the reorganization has been successful, but only the process of issuing the Audit committee, and the company's new business year and the table should not be a problem," said the minister.　　However, the reorganization of the basic completion of information, only to the stock price has brought a brief excitement, yesterday, the development of a complex card, the high margin of 8.7%, and then quickly fell back, the day's decline of 3.53%, the volume significantly enlarged.　　Xi Wang food business year and table Kinder development and reorganization lasted 11 months, and finally with the domestic corn oil leading enterprises-west King food "repair to fruition", the company will also be transformed into a a-share market the first corn oil listed companies. The Kinder development and reorganization is mainly divided into two parts, first, a kinder development to the West Wang Group to sell all assets and liabilities, the West Wang Group to pay 132 million yuan in cash to the price; second, the development of a kinder to the West Wang Group issued 52,683,621 shares, for the purchase of Western Wang Group legally owned Western King Food 100% Stake, The issue price is 14.83 yuan/share, the purchase price is 781 million yuan. The above two parts are mutually conditioned and cannot be implemented separately.　　After the completion of the transaction, Xi Wang Group on the development of a direct and indirect shareholding ratio of 52.08%, as a controlling shareholder. It is worth mentioning that in the reorganization agreement, there is a statement on earnings forecasts, that is, assuming that the framework of the major asset restructuring on January 1, 2010, the development of a good future on the basis of the preparation of the combined earnings forecast report 2010.　　The listed company "major assets sale and issue shares purchase assets and related transaction plan" has been implemented on December 31, 2009, since January 1, 2010, the listed company West King Food as the main body of sustainable management. The above information shows that　　Although 2010 years ago the three quarter of the Kinder development net profit also appeared 1.8832 million yuan loss, but the reorganization work as long as this year completes, the West King Food 2010 year performance will be integrated into the kinder development, this equates to the investor can completely turn a blind eye to the first half loss, as long as the reorganization succeeds, the "The most important thing for a kinder development investor is not to worry about the success of the restructuring, but whether it will be completed this year."　　"has been concerned about the development of a Shanghai brokerage analyst Blunt. For the Western King food business can be 2010 years and table, yesterday, "daily economic news" called the Kinder Development of the secret office.　　The secretary told reporters that the reorganization of the company, including the sale of assets and the issuance of shares, the first is the merger and Acquisition Committee to review the reorganization plan, followed by the issue of audit issued by the Board of shares, two to implement, has been completed the first. "In fact, the following is a process of proceeding, the reorganization of success has been the fact that the new business and the table depends on the audit time of the Commission, according to the normal process should be before December 20, so this year's XI Wang food 2010 year performance into the kinder development problem is not big.　　said the person.　　The annual results are expected to exceed the expected restructuring successful Kinder development has opened a new page, the year and the table problem is not big, such good news why caused the stock price to go low, the closing why volume plummeted?　　A market personage tells a reporter, in the transformation anticipation, the early years Kinder development already appeared the big increase, but in the suspension period the entire market is in the weak, but yesterday's announcement is the substantive positive, therefore does not exclude the main force to pull the high stock price, the retail investor follows the purchase in order to deliver the "But this is only the main temporary profit to end," said the people, "according to the performance of the development of the evaluation, the company's reasonable share price of more than 40 yuan, the kinder development has become a ' blue '." "According to the previous performance forecast, 2010 merged into the consolidated statement Jin Tak Development will achieve a profit of 81.4267 million yuan, earnings per share of 0.65 yuan."　　According to the West King Food Investment Relations Department, because the current oil market is hot, the company's corn products are still in short supply status, and in the recent "West Ace" corn oil prices have been upgraded, so the 2010-year performance should be more optimistic than the previous forecast data. A brokerage analyst said, Xi Wang food has been the main energy to build a high gross profit margin for its own brand of corn oil small packaging, at the same time in the marketing efforts to increase the new open market continues to grow, which will be the company to achieve higher profitability of the important guarantee. This year, the King's food performance is likely to exceed expectations, which also makes the development of Kinder has a greater valuation advantage.