Reorganization awarded Oriental Securities clearance Wuzhou Pearl

After 20 months of waiting, the Wuzhou Pearl (600873, closing price of 29.66 yuan) to add shares to absorb the merger of Plum Blossom Group of major assets reorganization on December 24 by the SFC approved.　　The company also immediately announced the latest absorption merger and cash options, the final determination of the number of new shares of 900 million shares, the price of cash option is 6.43 yuan/share.　　The company proposed to the plum Blossom Group All shareholders to issue shares absorption merged plum Blossom Group, the absorption merger completes, the Plum Blossom Group Legal person qualification will be cancelled, the company intends to change the name to "the Plum Blossom Biology Technology Group Limited Company".　　The proposed combination of asset growth is lower plum Blossom Group products include MSG, chicken essence, starch, feed protein, corn germ, bio-fertilizer, sulfuric acid, liquid ammonia, as well as glutamic acid, glutamine, threonine, taurine and other 10 kinds of amino acid products, products covering seasoning, biochemistry, feed, medicine and other fields of application. According to the company's disclosed data, Plum Blossom Group 2008, 2009 and 2010, respectively, realized operating income of 4.118 billion yuan, 4.082 billion yuan and 2.36 billion yuan, respectively, to achieve net profit of 439 million yuan,　　624 million yuan and 395 million yuan, in accordance with the absorption of the completion of the merger of equity calculation, Plum Blossom Group in 2009 and the first half of 2010 earnings per share of 0.62 and 0.39 yuan respectively. China's MSG production accounts for about 70% of global production. According to the Chinese Fermentation Industry association statistics, Plum Blossom Group 2008 Annual Sales revenue and total production in China's MSG industry ranked 1th. In terms of output, the market share of plum Blossom Group is 20.1%; the top six companies in China's monosodium glutamate industry accounted for 75.4% of the total market share, with relatively concentrated market.　　2009, the plum Blossom Group sales revenue in the industry listed 2nd. According to Beijing Tian Jian Xingye Assets Appraisal Co., Ltd., issued by the Tian Xing Commentary (2010) The NO. 245 appraisal report of the profit forecast, from 2010 to 2014, Plum Blossom Group Business Income annual compound average growth rate is expected to be 4.6%.　　Analysts said the growth of the plum Blossom Group in the next few years is not ideal, the current level of valuation is not low. Orient Securities Trading yesterday, the liquidation of the implementation is imminent, but the Continental Pearl yesterday close before the closing, was sold single pressure on the plate.　　Yesterday, the Wuzhou Pearl deal 9.3799 million shares, turnover rate of 8.6%, if taken into account the 1th largest shareholder Wuzhou investment held 22.096 million shares will not sell, the actual turnover rate of more than 10%. From the public information to see, yesterday sold the largest is the Eastern Securities headquarters, sales of 62.3434 million yuan, compared to the 2nd largest selling seats 11.0546 million yuan higher than 50 million yuan, in accordance with the average price of 31.88 yuan yesterday, the seats sold up to 1.9555 million shares.　　In the past, the list of 10 major shareholders, Oriental securities trading in the end of the three quarter held 2 million shares, yesterday almost clearance. The company said it would still send high to the Wuzhou Pearl restructuring plan announced to, as a result of the concept of high transfer, has been concerned about the stock price has been greatly fried.　　According to the latest announcement, the company's high transfer program will still be implemented. In the acquisition report, the company reiterated its intention to introduce Capital Provident Fund (CPF) to increase equity to new and old shareholders after the completion of the transaction,　　After the increase of the company's share capital of 2.708 billion shares, that is, before the transaction of the company's registered capital and Plum Blossom Group registered capital, and thus, the company also needs to all new and old shareholders to capital accumulation of 1.7 billion shares, to increase the proportion of each 10 shares to increase 16.861 shares. Simultaneous broadcast of restricted stocks of the Eastern Airlines downward dive yesterday, Oriental Airlines (600115, close to 6.59 yuan) 860 million shares of Non-public offerings formed by the listing of restricted shares.　　Shares in Eastern Airlines tumbled 5.72% per cent yesterday as trading volume hit its second-highest peak since it was listed as a lucrative, or a big sell-off, by institutional investors involved in private offerings.　　December 27 last year, the Eastern Airlines completed a private 1.35 billion shares, excluding the eastern group subscribed to the 490 million shares locked 36 months, the rest of the shares of the remaining shareholders in the market circulation of 860 million. "At the time, the organization was involved in the private distribution of China Eastern Airlines at the low point of the aviation industry and made a considerable investment return." An aviation industry analyst said.　　At that time, the non-public offering of Eastern Airlines was only 4.75 yuan/share, and the price of Eastern airlines rose to 9.91 yuan this year. Yesterday, the market trend downturn, after the opening, the Eastern Airlines shares all the way down, the lowest fell to 6.47 yuan, the final decline of 5.72%, deal 182 million shares, after its first day of trading level.　　The profit margin of the participating organizations amounted to 39.4%, calculated at the average price of $6.62 yesterday. From yesterday, China Eastern Airlines released the list of shareholders, including the Chinese aviation Oil group, aerospace investment holding company, Natural Coshiping, Chen Yufeng, as well as the Sino-Ze League investment companies. The analyst said that "aviation stocks do not have long-term investment value, when the ban on restricted stocks can achieve such high returns, these shareholders choose a big sell-off, it is understandable." "2008, many listed airlines through the Non-public offering of shares to" winter ". Eastern Airlines became the first company to complete the Non-public offerings in 2009. November 1 This year, Southern Airlines (600029, closing price of 9.23 yuan) to complete the directional additional 1.5015 billion shares, the issue price of 6.66 yuan/share.　　November 14, Air China (601111, closing price of 12.77 Yuan) also completed the non-public issue of A shares 483 million shares, directed additional H-Shares 157 million shares, a shares of a private offering price of 11.58 yuan/share. From the list of listed institutions, most of the financial investment for the purpose, once the issuance of shares, the possibility of selling is quite large. At present, the Southern Airlines restricted shares of the shareholder book income of 38%, Air China is also more than 10%. The two companies ' ban on these restricted shares will be released next November, with ChinaAir China will have 354 million restricted shares to be lifted, while Southern Airlines has 1.3776 billion shares of restricted shares lifted.