Put into military assets galaxy power reorganization "ant move"

Galactic Power (000519) an asset reorganization that was originally planned to be completed at once is being replaced by an incremental "reorganization" of the ant move. The company intends to take part of the non-main assets and the holding shareholder Jiangnan group part of the military assets replacement, due to the small size of the assets involved, the replacement does not constitute a major asset reorganization.　　However, the company's previously aborted asset restructuring programme found that the assets of the replacement were part of the previous reorganization plan to replace the assets.　　According to the Galactic Power and Jiangnan Group 27th signed the "Asset replacement agreement", the company intends to hold 100% stake in Chengdu Jiang Yin Electromechanical Co., Ltd., Hunan Huatian Aluminum Co., Ltd. 28.24% stake and Jiangnan Group Holding Xiangtan Jiangnan Industrial Co., Ltd. 11% Equity Exchange. Galaxy power to set the price of assets of 63.8206 million yuan, the price of the assets into 65.4239 million yuan, placed into assets beyond the value of the assets of the difference of 1.6033 million yuan, to be paid by the company to Jiangnan Group. In view of the Jiang Ban Mechanical and electrical to the company's due amount of 1.5859 million yuan by Jiangnan group to pay, the company to the Jiangnan group paid cash 17,400 yuan.　　The company said that Jiangnan Industrial main business for the military products, the replacement will be to a certain extent to improve the company's profitability. The asset replacement, although small, can faintly see the shadow of the asset restructuring program that the galactic power had previously aborted. According to the asset replacement plus directed additional restructuring plan, the Galaxy Power will be to Jiangnan group to set up all the company's existing operating assets, at the same time into the Jiangnan group of existing military-type operating assets, the difference between the value of assets by the company to the Jiangnan group issued shares subscription. Among them, the galactic power to all operating assets to set up Chengdu Yinhe Power Co., Ltd., Jiangnan group to audit and evaluation of the military-type operating assets to establish Jiangnan industry, on this basis, the company to hold the Chengdu Galaxy 100% Stake and Jiangnan Group holding the Jiangnan industrial equivalent stake in the exchange, Jiangnan Industrial Company's remaining shares by the company to the Jiangnan group issued shares subscription. At that time, it is expected that the Chengdu Galaxy 100% shares can be replaced by the Jiangnan industrial stake in the proportion of about 69%.　　However, because Jiangnan Group intends to inject assets into military-type assets, the industry is relatively special, handling the complicated procedures, the reorganization is suspended. The asset replacement scheme proposed by the Galactic force could actually be seen as a "step-ahead" of the previous asset restructuring programme. Public information shows that Jiangnan industry is a wholly-owned subsidiary of Jiangnan Group, established in February 2010, the registered capital of 10 million yuan, Jiangnan group has in April the net book value of 467 million yuan transferred to the Jiangnan industry, at present, in addition to the transfer of patented technology is being processed, the remaining transfer of assets transferred procedures have been completed.