Mashi to transfer 47.15 million yuan to hold Sichuan full hing 40% stake

NetEase Financial December 28 News Wells Square Evening announcement, the company intends to hold the Sichuan Quan Hing Wine Industry 40% Equity and its related rights and interests transferred to the Shanghai Sugar Alcoholic Liquor Group, negotiated to determine the total transfer price of about 47.15 million yuan, authorized management according to due diligence in the above amount of up to 10%　　Within the scope of the adjustment and signed the transfer agreement.　　After the transfer of the stock right, the water well square no longer holds the shares of Sichuan Quan Hing Wine Co., Ltd., the share transaction has been Sichuan all Hing Liquor Co., Ltd. other shareholders agreed to waive the priority of the right to give up.　　As of June 30, 2010, Sichuan all hing wine industry net assets of 70.47 million yuan, to achieve total profit of 2.509 million yuan, net profit of 2.267 million yuan.　　The announcement indicated that through this transaction, will be advantageous to the company concentrates the energy and the financial resources to strengthen the upscale fine wine liquor main business, improves the company finance, the asset condition, enhances the company to continue the operation and the stable development ability. Mashi today, and reported 21.49 Yuan.