Newiping kill back and leave far Hing Energy Exchange Masters

In the far-Hing Energy (000683) killed greatest second act's Newiping, decided to transfer shares to vacate the actual control position.　　October 27, Newiping and Dailianrong signed an agreement, transfer of Inner Mongolia Bo Source Holding Group Co., Ltd. 5.81% Equity, the transfer price of 50 million yuan. Prior to the transfer, Newiping holds a 12.43% per cent stake in Bo Yuan Holdings, the largest shareholder of Bo Yuan Holdings, and indirectly controls 19.86% of the issued shares of Far Hing Energy, which is the actual controller of the listed company. After the change of the rights and interests, Newiping holds a 6.62% stake in Bo Yuan Holding, and is the fourth largest shareholder of Bo Yuan Holdings. Dailianrong holds a 13.3% stake in Bo Yuan Holdings, becoming the largest shareholder of Bo-Yuan Holdings, and indirectly controlling the 19.86% stake in the yuan-hing energy.　　The actual control person of far-hing energy is changed to Dailianrong.　　Newiping to seek investment and development in other areas, the announcement said, so the transfer of some of its stake in the Bo source to solve the capital demand, within 12 months without disposal of the remaining shares of the plan. Newiping used to be far-hing Energy executives, 2005 Bo Yuan Investment in the hands of the Ordos Sasac to obtain far-hing Energy (then referred to as *st Natural) control, Newiping is Bo Yuan investment in the largest shareholder. In the BO source investment shareholder list, you can see a lot of *st Natural executive list, of which Newiping has served as *st Natural deputy general Manager and Dong Secretary, Sun Chaohui was *st Natural general manager of the Director of the office, Zhang Yongchang since April 2003 no longer as *st natural director,　　and Wang Shenli and Hu Jian were just left in November 2005 from the position of *st natural director. The announcement shows that the equity assignee Dailianrong has worked in far-hing energy for more than 10 years, thus speculated that Dailianrong is also *st natural veteran.　　The bulletin said Dailianrong as far-Hing Energy general manager, Chairman and other important positions, in the far-Hing energy production management and management has accumulated rich experience. Dailianrong this time to gain a holding position, still need to borrow money.　　Dailianrong payment of 50 million yuan in 30 million yuan for its own, 20 million yuan source is from the Ordos Rural Commercial Bank Co., Ltd. Loans, loan period of 12 months, the interest rate of 9.775% per month. Dailianrong said there were no plans to restructure far-away energy and executive replacement within 12 months.