Put in the oil Jinhong leading technology transformation pipeline operator

Leading Technology (000669) today announced a major asset restructuring programme, under which leading technology will put out all the assets and become a gas pipeline operator. The leading technology major asset restructuring programme includes the replacement of all assets and liabilities other than the outstanding "stock-debt" bond balances and the matching currency cash with the equivalent equity stakes in the oil Jinhong held by all shareholders of PetroChina Jinhong Natural Gas Transportation Co., Ltd. At the same time, the company issued shares to all shareholders of the Jinhong to subscribe to the difference between the assets placed above the set.　　China oil Jinhong All shareholders will be achieved by the purchase of assets to 1 yuan to transfer the price of Tianjin Leading Group Co. According to the plan, the price of leading technology shares is 12.38 yuan/share.　　The leading technology assets are estimated at 180 million yuan, the estimated value of the assets is about 2.38 billion yuan, the number of shares to be purchased by the company is expected to be no more than about 180 million shares after the asset replacement based on the valuation of assets and assets placed on the trading base date. At present, the Jinhong shareholder is composed of new Energy International Investment Co., Ltd., Shenzhen Ping An Innovation Capital Investment Co., Ltd. and Chen Yi and 8 companies and 1 natural persons. Among them, the new international holds the Jinhong 39.1% of the stake in the oil, is the controlling shareholder. Chen Yi and holds a new international 90% equity stake, so the potential real control of the leading technology is man-made Chen Yi and.　　After the completion of the major asset reorganization, the leading technology to obtain the Jinhong 100% of the equity. As of June 30 this year, the total assets of Jinhong are about $2.8 billion and the net assets are about 1.21 billion yuan. In the first half of this year, China oil and gold to achieve business income of about 400 million yuan, to achieve a net profit of about 90.16 million yuan.　　Leading technology, the current domestic natural gas industry into a rapid development period, the oil Jinhong urgent need to use the capital market for enterprise Development to provide a broader platform and a more powerful impetus. Public information shows that PetroChina Jinhong main natural gas pipeline and urban gas pipe network construction and operation, has now formed in South China, east China, north China three large areas, and wholly-owned and holding natural gas pipeline company and urban natural gas operators more than 20, is the domestic natural gas in the middle and lower reaches of the important energy operators. PetroChina Jinhong gas supply is mainly from China Petroleum and Natural Gas Group and its affiliated enterprises.