21st Century Economic Report Sujiang Shanghai Li Shuirong and Chu Jianlin This pair of 7 years ago together with Lakes Partners, 7 years later, although each occupied the hills but again in the capital market meet. The difference is, because the main company Heng Yi Petrochemical has not been able to achieve three consecutive years of profitability, Chu Jianlin had to borrow a different shell *st Guanghua listing, and the Li Shuirong of the board listing the trip has been the most critical step, after a smooth after the Rong Sheng Petrochemical just quietly waiting for the issue of approval. Compare the two, stand up. In fact, through the Rong Sheng Petrochemical Landing is not Li Shuirong early on the capital market, last December 29, Li Shuirong holding 85% of Zhejiang Rongsheng Holding Group Co., Ltd. (hereinafter referred to as "Rongsheng holding") and the main board listed companies Ningbo Union (600051.SH) The controlling shareholder of Ningbo Economic and technological Development Zone Holdings Limited signed the agreement on the transfer of shares, and Rongsheng Holdings has 90.4176 million shares (about 29.9%) Ningbo Joint shares to be held by 771 million yuan. In the first half of this year, the equity transfer plan has been approved by Ningbo SASAC and the State Council SASAC. Ningbo Union has previously disclosed the 2010-year report, Rongsheng Holdings has replaced the Ningbo Economic development Zone as the largest shareholder of listed companies. According to the joint disclosure of Ningbo, Rongsheng Holdings will plan to "the acquisition completed within one year after the completion of the purchase of the real estate and the reserve land injected into the joint work of Ningbo to solve the competition problem", it is clear that the new acquisition of the Ningbo joint will become Li Shuirong integration of its real estate business platform In addition, the figure of Rongsheng Holdings also appeared in the April 9 this year in the SME group listed in the days of the original (002386.SZ) shareholders. At the end of the second quarter of this year, Rongsheng Holdings held 62.7395 million days of the original group, about Hiang capital of 15.69%, as the company's second largest shareholder. So Li Shuirong completed the holding of a listed company and a stake in a company, only these two current market value of about 2.15 billion yuan; Of course, on behalf of the Li Shuirong real assets Rong Sheng Petrochemical is on the way to the market. Ningbo United Building Real Estate platform originally from Ningbo Economic Development Zone holdings of Ningbo joint mainly distributed in the following: through the subsidiary of Ningbo Economic Development Zone thermoelectric company engaged in electricity, heat production and supply business; Through the subsidiaries of Ningbo United Group Import and export company engaged in international trade business , through a subsidiary of Ningbo United Auto Sales company engaged in car sales business; the rest is a subsidiary of Ningbo Joint Construction and Development company engaged in the real estate business, the latter developed two key properties "days one home Six" and "Days Family Park two" pre-sale work has been basically completed in the first half of this year. In the first half of this year, Ningbo combined to achieve a 1.35 billion yuan revenue at the same time to achieve a net profit of about 87.86 million yuan, but the profit mainly from the first half of the company disposed of the Ningbo Pharmaceutical AG and Ningbo Tianshui Investment Company Equity. The company in this year's semi-annual report also Chen, in the globalThe three main business of the company is still under pressure under the big environment that the economy has not completely come out of the trough. As a result, in September last year, Ningbo combined its controlling shareholder, Ningbo Economic Development Zone, decided to publicly solicit the rights of the 90.4176 million shares in its 100.5943 million-share stake. The choice of 90.4176 million shares rather than all equity transfer, stems from this part of the stake is just about 29.9% of the total equity of Ningbo United Company, the transferee of the transferee can avoid 30% of the red Line. However, its conditions appear to be tailor-made for Rong Sheng Holdings. First of all look at the first condition, set up more than three years and the last two years of continuous profits without major irregularities, established on September 13, 2006, Rongsheng Holdings was established just three years ago last September 15. The second condition requires that the registered capital is not less than 200 million yuan, the end of 2009 audited book total assets of not less than 9 billion yuan, net assets not less than 2 billion yuan; compared with Rongsheng Holdings, registered capital is just 200 million yuan, the other two indicators are 9.098 billion yuan and 2.105 billion yuan are right on the line. The third condition requires the reorganization party to have the detailed management strategy, after the share transfer completes has the high quality assets to the Ningbo Union to carry on the reorganization of assets; The Shengyuan property of Rongsheng Holding company is exactly in line with the real estate business of Ningbo Union. and the fifth condition, requires the reorganization party "has the acquisition and the reorganization Ningbo Joint strength, its acquisition goal conforms to the Ningbo Union Industrial Policy request and the development direction, the Zhejiang Province registered enterprise priority to consider", then explicitly will exclude the provincial reorganization party outside. The fourth remaining condition is "the ability to promote the sustainable development of Ningbo and the improvement of the corporate governance structure of Ningbo" and the sixth conditions of the three commitments (registered land tax, the operating team and staff stability within one year and not transfer shares within three years) relative retreat. In this way, Li Shuirong controlled by the Rongsheng Holdings did not have any suspense in the last December 29 and Ningbo Economic Development Zone signed an Equity assignee agreement, 8.53 yuan per share of the total contribution of the price of 771,262,128 yuan to let the listed company 90.4176 million shares, after the Ningbo Sasac and the State Council SASAC approved the wish to become a joint shareholder of Ningbo. In the details of the detailed statement of rights and interests disclosed by Rongsheng in subsequent years, it is clear that "in the year after the completion of this acquisition, we will start to inject the real estate and the acquired reserve land into the joint work of Ningbo in order to solve the competition problem thoroughly". Now, half a year after a successful takeover this April, Rongsheng must inject its real estate business into listed companies in the next six months, as promised. Data show that by the Rongsheng Holdings and three-dimensional holding group 50% of Hangzhou Sheng Yuan property under the jurisdiction of the wholly-owned subsidiary of Hangzhou new Sheng Yuan Real estate development company, Hangzhou Sheng Yuan property company, Hangzhou Rongkai Municipal Engineering Company, but also holds the Hangzhou Binjiang Sheng Yuan Real estate development company 50% Equity. Shengyuan Real Estate has now developed the "Gentry Garden", "Sheng Yuan Withub" and "Blue Grand countryInter "and other real estate. In addition, Rongsheng holdings in the acquisition of Ningbo union also said that will integrate the company's existing infrastructure and foreign trade resources, and inject Rongsheng holdings related assets and business into the listed companies, bigger and stronger Ningbo joint import and export business. It is understood that Rongsheng holding 90% of Rongsheng Trade and wholly owned subsidiary Rongsheng Hong Kong are engaged in import and export trade business, plus engaged in logistics business Transland Logistics, these assets will become Ningbo joint future integration direction. Shares of the days of the original group and Rong Sheng Petrochemical business closely related to, Rongsheng holding shares of the days of the original group mainly produces polyvinyl chloride resin, caustic soda, hydrazine hydrate, ADC foaming agent, calcium carbide, sodium tripolyphosphate, cement, forest products, etc., it has nearly 70 years of caustic soda and 40 PVC resin production history, The two products are its leading products, the 2009 revenue of the two major products accounted for the company's main revenue of 77.2%. Around May or June 2007, the Yibin group, which was not yet on the market, commissioned the Sichuan Provincial Investment Center to announce the transfer of shares and the announcement of capital increase and share expansion in two times. Since then Rongsheng holding hand in Germany and the United States chemical Industry and the blessing of chemical fiber three companies in the year of July 31 respectively under the concealed state-owned companies 20.936 million shares, 15.702 million shares and 15.702 million shares, subject to the price of 6.698 yuan per share; at the same time, the days of the original group also to the Rongsheng Holdings, Germany and the United States chemical Industry and the blessing of chemicals to the price of 6.698 yuan per share of additional 41.8035 million shares, 31.3526 million shares and 31.3526 million shares. So Rong Sheng holding to about 420 million yuan of the price of the original group 62.7395 million shares, become the company's second largest shareholder. Today, as of October 14, 2010, the days of the original group reported close to 19.39 Yuan, Rongsheng holding shares of the market value of about 1.2165 billion yuan, the yield reached 189%. However, due to the days of the group in the April 9 of this year only in the SME listing, so Rongsheng holding still need to spend nearly half a year of restricted period before they can profit chips to cash.
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