Lu Run shares "50 percent" additional awarded

Recently, the Lu Run of the shares of the private application has been approved by the SFC. This means that the transformation of the company into coal mining enterprises, the integration of Shanxi coal resources to participate in the strategic concept of a further step forward. In the secondary market, the share price remains strong at a time when the market slump is weakening and is now about twice times the planned IPO price.　　The deal returns show that institutional capital is the main driver behind the strength of the unit. Profitability will increase 10 times times according to the Lu Run shares announcement, its application for non-public offering of shares has been approved by the SFC. According to the information previously disclosed by the company, it intends to add 30 million to 65 million shares to no more than 10 objects at a price of 12.91 yuan per share, and raise no more than 640 million yuan for the purchase of Huaying Shanxi Energy Investment Co., Ltd. ("Huaying Shanxi"),　　And the company to increase capital to integrate Shanxi province's 7 coal mines. According to the plan, Lu Run shares will first be 125 million yuan to buy huaying Shanxi 30% of the stake, so that its holding huaying Shanxi's shareholding to rise to 70%, after which the listed companies will increase the capital of 490 million yuan, and the introduction of other investors total increase of 700 million yuan.　　The 700 million yuan is mainly invested in the integration of 7 coal mines in Jinzhong County, Shaanxi province. In fact, Lu Run is still the only local listed company that participates in Shanxi coal resources integration. It is understood that after the completion of integration, Lu Run shares will have a coal reserves of nearly 60 million tons, an annual output of 1.5 million tons, the company expects total profit will reach 272 million yuan.　　Compared with the company's net profit of 21.689 million yuan in 2009, the profitability of the Lu Run shares will increase more than 10 times times after the completion of integration. Institutional funding continues to heat up from the two-tier market Lu Run shares of the trend can be seen, despite the market continues to decline, but the unit remains strong, so far the stock price maintained on the 30th EMA, not only the medium and long term upward trend has not been destroyed, even the short-term EMA also shows a long arrangement.　　This means that there is clearly money behind the unit that is being absorbed. As you can see from this year's quarterly bulletin, the number of households in its circulation has dropped from 23194 to 18042 at the end of last year, with an apparent increase from 5773 shares to 7422 shares per household shareholding. At the same time, public offerings, private equity and insurance funds have been heavily invested in the stock in the first quarter of this year.　　As of the end of the quarter, the two public offering fund, two private equity to enter the top ten circulating shareholders, another three public offering fund to its opening; China Life's products also become its six major circulation shareholders. On May 13 this year, the Shanghai Composite Index has been falling from April 15 to 455 consecutive points above 2,600 points, there are still institutions to buy Lu Run shares. The transaction returns showed that although two establishments had sold about $8.5 million on the same day, there were three companies buying the shares, with a total purchase exceeding 23 million yuan. At that time the stock price of 22 yuan. Since then, the share price has risen steadily, with the latest stock price of 25.5 yuan, and the May 13 establishment costUp about 16% per cent. Indeed, the agency is so sanguine about the unit that it has to do with its plans for additional projects. After all, after the successful issuance, if the coal consolidation project in Shanxi can be successfully completed, then the fundamentals of listed companies will bring great improvement. And in the current market is very weak background, listed companies to want to issue additional is not easy.　　such as the recent Beijing Oriental A will be the original minimum price increase from 4.64 yuan to 3.03 yuan, down 34.7%, the underlying reason is that the company's share price has now fallen to 3 yuan near the stock market to become the second low shares. In this respect, the relatively inexpensive issue price of the Lu Run share issuance plan also provides the guarantee for its smooth issuance. According to the company plan, its additional price is 12.91 yuan, and the company's current stock price of 25.5 yuan, the additional price only has a share price of about 50%.