Luyin Investment restructuring suspended

Yesterday evening, Luyin investment (600784. SH) issued a notice, the CSRC notice, because of participation in the reorganization of the relevant parties involved in illegal investigation of the case, the merger and reorganization application was suspended. However, no investigation notices have been received for the listed companies at present. As for the specific aspects of the alleged breach of the law, the notice has not been disclosed. Luyin Investment September 3 announced that its major asset restructuring plan was accepted by the SFC, so far the share price rose by 15.38%. The rise of Luyin investment is related to private banks. The reorganization plan said that the company owns some of the steel strip branch of the stock, all non-current assets and received accounts, into the Laiwu Steel Group held the equivalent portion of the 4.98% stake in the Levin bank, while to the Laiwu Steel group issued shares to buy the value of the assets of the asset to put out the difference between the value of Although the Luyin bank is a high-quality private bank, the company itself has fallen sharply, struggling to support the restructuring plan. Luyin Investment 2013.5 Annual report said, the first half to achieve the owner of the parent company's net profit of 22.1883 million yuan, a big minus 56.4% year-on-year. and the official website of Lai Shang Bank shows that as of July 31, 2012, the deposit balance of Levin Bank reached 24.909 billion yuan, the total loan amounted to 17.892 billion yuan, realize the profit of 429 million yuan, the total amount of tax paid 309 million yuan. Luyin Investment has not previously involved in financial business, its 2013.5 annual report shows its main business for equity investment, the main industries are hot-rolled strip and powder metallurgy materials production, cashmere textile, real estate development, pharmaceutical and so on.