Mechanical removal of Zhou Zhengyi shadow by Xugong

January 8 Xu Machinery (000425, closing price of 56.00 Yuan) announced that the Shanghai Rural Commercial Bank Limited (hereinafter referred to as Shanghai agricultural firm) through judicial proceedings to hold the Xugong 4.89% of the stock, has become the company's second largest shareholder.　　Announcement disclosed that the Shanghai agricultural firm holds the Xu machinery stock all by the Shanghai Agriculture Kay Development Group Limited Company (hereinafter referred to as the agricultural Kay Group) delivers, in order to compensate the agricultural Kay group to the Shanghai agricultural firm's corresponding debt.　　Industry insiders said, once "Republicans" Xu machinery "agricultural kai System" will now be full repaying, means that Xu machinery can finally get rid of the "Zhou Zhengyi Incident" shadow, which is a good news for xugong machinery investors. Shanghai agricultural firm shares 4.89% according to the materials provided by the Shanghai agricultural firm, December 20, 2010, the Shanghai First Intermediate People's Court on the Shanghai agricultural firm and the Agricultural Kai Group property damage compensation dispute between the case to determine: The agricultural Kay Group will hold the Xu machinery and other shares at market prices to the Shanghai agricultural firm,　　To compensate for the agricultural Kay Group of Shanghai agricultural firm's corresponding debt. Announcement disclosed that, December 23, 2010, the Shanghai agricultural firm in accordance with the Xugong machinery opening price of 53.60 yuan/unit, from the Agricultural Kai Group transfer was frozen Xu machinery stock 7.811 million shares; Since then, respectively, December 24 and December 27 to 52.63 yuan/shares and 51.20 yuan/ The unit transfers 25.4709 million shares and 17.1298 million shares respectively.　　This part of the stock by Zhou Zhengyi criminal sentence identified by the agricultural Kay Group, funded by the agricultural Kay Group controlled by natural persons under the name.　　At present, the Shanghai agricultural firm holds 50.4117 million shares of Xugong by way of litigation, accounting for 4.89% of the company's total equity. According to the top ten shareholders of Xugong machinery October 12, 2010, the first two are the Xugong Group Construction Machinery Co., Ltd., holding 507.4017 million shares, accounting for 49.2% of the total capital, Youngor Investment Co., Ltd., holding 39.3 million shares, accounting for 3.81% of total equity.　　Nowadays, Shanghai agricultural firm surpasses Youngor, becoming the second largest shareholder of Xugong machinery.　　"Agricultural kai System" full exit public data show, "Agricultural kai system" and xugong machinery is inextricably linked. April 6, 2004, Xu Machinery announced the 2003 annual report, the top ten circulating shareholders are basically with the agricultural Kay Group has a relationship.　　Not only that, the agricultural Kay Group, the actual controller Zhou Zhengyi also through the Chase securities at the end of 2002 owned Xu Machinery 8.1774 million shares, is the company's largest circulating shareholder. The flagship platform of Zhou Zhengyi, the "Shanghai richest man" who has been selected for the Forbes China Rich List, is the agricultural Kay Group. At that time, the registered capital of 800 million agricultural Kay, the main business for trade, real estate, agriculture, infrastructure construction and finance, with agricultural investment company, Huaxin Investment Co., Ltd., Shanghai Hi-Tech Co., Ltd., Shanghai Huating Import and Export Corporation, Shanghai Machinery, Shanghai tea Import and export company and many other enterprises.　　Xu Machinery 2003 Annual report shows that in its top ten circulating shareholders, Shanghai Fang Hua Investment Management Co., Ltd., Shanghai Letter Kat Industrial Co., Ltd, Agricultural Industrialization Development (Group) Co., Ltd., Shanghai Huating Import and Export Co., Ltd. are listed, and these companies are related to the agricultural Kay system.　　In the January 8 announcement, Shanghai agricultural firm said that in the next 12 months, will continue to be in accordance with the Court's enforcement decision book, continued to increase the number of Xugong machinery A shares, until the implementation of the liquidation of the corresponding debt, and the specific quantity has not been determined. At this point, "Nong Kai System" was thoroughly repaying out of Xu Machinery, Zhou Zhengyi Empire's heritage also made a formal handover.　　Xu machinery rights and interests of the report book shows that the Shanghai agricultural firm has not previously held the ownership of Xugong machinery.　　Analysts bullish on the company's prospects however, in the Xu Machinery January 8 announcement, Shanghai agricultural firm also said in the next 12 months, plans through the two-level market to sell Xu machinery about 10 million shares. In this respect, Nanjing Securities analyst Zhang Qi said, "The future of Xugong machinery should be optimistic." If the Shanghai agricultural firm has confidence in its future, it should not easily reduce its holdings.　　"Zhang Qi pointed out that the intervention of the Shanghai agricultural firm is actually a positive for xugong machinery, Zhou Zhengyi the impact of the incident, the Shanghai agricultural firm's own strength will increase the market's confidence in xugong machinery. Public data show that the predecessor of Shanghai agricultural firm was Shanghai Rural Credit Cooperatives, 2005 through the overall restructuring of joint-stock commercial banks.　　At present, the total registered capital of 3.745 billion yuan, more than 300 business outlets, the total number of employees more than 5000 people. Zhang Qi also pointed out that the price of the transfer of Shanghai agricultural firm, more reasonable, "but the company is currently in the 50 yuan or low, the forecast this year should be able to reach the price of 65 yuan ~70 yuan." "Daily economic news" Reporter also noted that recently, including Hengtai Securities, Galaxy Securities, National Gold securities and other brokerages have issued research papers, to give Xu machinery "overweight", "buy" rating.