Qianjiang Motorcycle Venture Investment 77.81 million increase capital Ridge Chemical Industry

The wealth effect of the capital market is the birth of the national PE Heat, Qianjiang motorcycle (000913) recently another potential shares.　　June 4, Qianjiang Motorcycle Board of Directors to consider the adoption of the "on the approval of the foreign investment of subsidiaries of the Bill", agreed wholly-owned subsidiary Zhejiang full Bo Investment Management Co., Ltd. to participate in Shandong Golden Ridge Chemical Co. In this increase, qianjiang motorcycle to its own capital of 77.8135 million yuan to increase the fund Ling chemical Company. After the participation, Jinling Chemical Company's registered capital will be changed to 467 million yuan, the total equity change to 467 million shares, of which Shandong Golden Ridge Group Co., Ltd. held 266 million shares, accounting for 56.91%; Chuang Jin Development Co., Ltd. holds 158 million shares, accounting for 33.76%　　Shandong Branch Tatsu Group Co., Ltd. holds 27 million shares, accounting for 5.79%, full Bo Investment holding 16.5 million shares, accounting for 3.54%. Last December, Qianjiang motorcycle and its subsidiary Zhejiang United States Motorcycle Co., Ltd. jointly funded the establishment of Zhejiang full Bo Venture capital Co., Ltd., a VC company registered 80 million yuan, Qianjiang motorcycle investment of 64 million yuan, accounting for 80% shares. Then, Qianjiang Motor began to show the outside world its investment vision.　　March 10, Qianjiang motorcycle investment 30 million yuan to participate in Zhejiang Edia Nutrition technology company's increase in shares, and the implementation of the project is full Bo investments. The announcement shows that the Qianjiang motorcycle investment Jinling Chemical Company currently registered capital of 450 million yuan, the total share capital of 450 million shares. 2009, Jinling Chemical Company's net profit of 101 million yuan, operating income of 1.402 billion yuan, as at December 31, 2009, the total assets of 2.33 billion yuan, net assets of 750 million yuan, accounts receivable for 3.25 million yuan, operating normal.　　From the above financial data, the underlying assets are operating in good condition. Qianjiang Motorcycle said that the investment company to participate in Jinling Chemical Company, is based on the company's established diversified development strategy, the implementation of the Venture project. Jinling Chemical company operating well, with the potential to apply for public distribution, the investment has a certain appreciation potential. This participation is beneficial to the company in the big and strong main business at the same time, into the new industry, forming a new profit growth point.