Qujiangwen Travel Loan Shell St Long letter to become a tourist company

St Long Letter (600706) announced the reorganization plan today.　　The company's current assets and liabilities for sale to the first major shareholder Huahan Industrial, Xi ' an Qujiang cultural tourism (Group) Co., Ltd. held by the cultural tourism business assets, St Long letter will be changed to be a "historical and cultural attractions integrator." According to the reorganization plan, St long letter to sell to Huahan industry all the assets and liabilities, will be based on the value of net assets valuation as the basis for valuation, the estimated value is 50 million yuan. Huahan industry is responsible for the placement of employees related to the sale of assets.　　Restructuring of the Jiang Brigade agreed to undertake up to the trading base day Huahan Industrial to St long letter audited all the claims, and by the Qujiangwen Brigade in the delivery date in cash to pay to Huahan industrial. After the completion of asset placement, St Long letter will be issued to the Qujiangwen Brigade to issue a shares, purchase Qujiangwen Travel Legal holdings of cultural tourism business assets, including XI ' an Qujiang Dayan Pagoda Scenic Management Service Co., Ltd., Xian Qujiang International Hotel Management Co., Ltd., Xian Tang Yi Fang Culture Communication Co. Xi ' an Qujiang International Travel Service Co., Ltd., Daming Palace National Ruins Park Management Co., Ltd. 100% Equity, Xian Blackstone International Travel Service Co., Ltd. 40%, Shaanxi Sunshine Holiday International Travel Service Co., Ltd. 43%, Shaanxi Friendship Union International Travel Limited Liability company 56.01% Equity; Datang Furong Garden,　　Quijiangchi and Tang City Wall Park scenic Area operation management business, Royal Banquet Palace, Fang Lin and other assets and business, "Datang Furong Garden" and other registered trademarks. St Long letter, according to the above mentioned assets of the estimated 950 million yuan, corresponding to the issue price of 9.93 yuan/share, the number of Non-public shares is expected to not exceed 96 million shares. After the release, Qujiangwen Brigade will become the company's controlling shareholder, the actual control of the company changed to Xi ' an Qujiang new zone management committee.　　After the completion of the transaction, St Long letter business scope will cover the history and culture of tourism attractions planning, operation Management, tourism matching catering hotels, travel agencies for the core of cultural tourism industry operations. It is noteworthy that St long letter to inject assets in the capital market has a lot of "past". November 2009, Qujiangwen Brigade's controlling shareholder Xian Qujiang Cultural Industry Investment (Group) Co., Ltd. had reached an agreement with St Samsung (000068) shareholders to become the strategic investors of St Samsung.　　But one months later, St Samsung announced the end of the planning of major asset restructuring matters. In addition, one of the assets to be injected XI ' an Qujiang city wall Tourism Development Co., Ltd. and the recent continuous pull out of 11 Yang Line XI ' an tourism (000610) also has a story. Public data show that the March 2000 XI ' an tourism rights raise funds for Xi ' an city wall development, operating platform XI ' an wall Tourism Development Co., Ltd. registered capital of 58.88 million yuan, Xi ' an tourism shareholding 51%. But Xi ' an city wall development work has not been smooth, May 31 this year, Xi ' an tourism shareholders general meeting formally passed on the liquidation of the "Xi ' an city wall Tourism Development Co., Ltd." motion. According to local mediaBody reports, Xi ' an city wall development project has been included in the Qujiangwen Brigade.