Rong Sheng Super Micro-easily Leng mining debt rate of up to 97%

Compared with the madness of previous years, the concept of mineral-related concepts is no longer. May 6, Yung-won Super Micro Bulletin, the company's first two major shareholder transfer Holdings, Yin Fung Mining will become the company's controlling shareholder. At the same time, Yung-won ultra Micro release 1.2 billion of the plan, including some of the fund-raising will be used to prepare mineral projects. However, Yung-won Super micro-licensing suffered a fall, and then fell continuously, as at May 9, Yung-won Ultra micro-reported 7.22 yuan/shares, compared to the suspension before the fall to 17.58%. "This is related to the market focus, and the quality of the mining industry itself is not very good," an investor in Shenzhen explained. "The announcement shows that Hyun Fung mining industry has been at a loss for nearly two years." In addition, the asset-liability ratio of the Xian-feng mining industry rose from 72.94% in 2011 to 97.41%. At the same time, Yung-won micro-increase program is also questioned by the industry, "the specific use and evaluation of the benefits are not, it is difficult to improve the company's operating capacity." "Yin Fung Mining two losses, the debt rate of up to 97% suspension of one months, May 6, Yung-won Super Micro Bulletin, the company's former two major shareholders and the Yin Fung Mining industry signed the transfer of rights agreement, the controlling shareholder will be changed to Yin Fung mining." In addition, the company also issued a 1.2 billion of the fixed increase of funds, the scheme to the Yin Fung Mining as a major shareholder as a prerequisite. However, the market is very indifferent to Yung-won micro-involvement in the mining industry. 6th, the company's stock resumption fell, for the only fell off stocks, then, the decline trend is not reduced, as at May 9, Yung-won Ultra micro-reported 7.22 yuan/shares, compared to the suspension before the fall to 17.58%. "A few years ago the market sought to get involved in the concept of minerals, a news stock will rise." But after some mining companies have not significantly improved performance, now the market's interest in mining weakened a lot, more rational. "An investor in Shenzhen. April 28, Yin Fung mining and billion-Tao International, Zhuhai Branch, see the signing of the agreement on the transfer of shares, respectively, the two companies held by the listed company 19.304 million shares and 26.168 million shares, the total share of the listed company's 25%. The total purchase price of this agreement is about 323 million, the use of cash payment method, the average price of 7.10 yuan per share, compared with the company before the suspension of 8.94 yuan/share discount of 20.58%. After the transfer of equity, the company's largest shareholder will become Yin Fung Mining, the company's actual control will be changed to Cheisons, Sheihai. And the arrival of the Xian Fung Mining qualifications? Its headquarters is located in Dongguan, Guangdong, is a main mineral investment, development, research and comprehensive group of companies. In fact, Yin Fung Mining capital is not very strong. Industry and commerce data show that the registered capital of the Xian-feng mining industry was only April 1 this year from the 50 million registered capital to increase to 500 million, the additional funds used to buy Yung-sheng Super micro-shares. And the gold Jinyuan, Yin Letter trade registered capital of only 5 million and 3 million, are natural persons shareholder shareholding. At present, Xian Fung Mining has a total of 11 subsidiaries and 1 sun companies. It is noteworthy that the Xian Fung Mining 11 subsidiaries, Dongning to the East Mining Co., Ltd. (hereinafter referred to as "Big East Mining") has been the pursuit of capital markets.April 2012, St-day plans to raise funds through the way to acquire large east mining, and the East Mining 100% Equity evaluation value reached 3 billion yuan. However, due to the equity dispute, the Big East Mining 100% stake was transferred to the Xian Fung Mining, the mining industry continued to fulfill the relevant agreement. But in the end because of the lawsuit, St-day terminated the fixed-increase acquisition scheme. Up to now, the Xian-feng mining industry involving large to the east of the economic dispute lawsuit has not been final judgment. In addition, Yin Feng mining itself operating conditions are not good, nearly two annual losses. The announcement showed that the Xian Fung Mining industry in 2011-2013 to achieve revenue 60.4727 million, 40.5865 million, 59.5357 million, the owner of the parent company's net profit of 14.0612 million,-10.9508 million and-39.2697 million. Although the total assets of the Xian-feng mining industry grew from 237 million at the end of 2011 to 713 million at the end of 2013, net assets slipped from 64.2553 million at the end of 2011 to 18.4555 million per cent, not enough to pay for the purchase of Yung-won ultra micro-controlling rights. Meanwhile, the asset-liability ratio of the Xian-feng mining industry has been rising, from 72.94% in 2011 to 97.41%. Fixed increase project empty, difficult to pull the loss of the endgame for the follow-up plan, Yung-sheng micro-disclosure, the company's current business scope for micro-enameled wire and related product development, production and sales. Yin Fung Mining will retain the original business of listed companies and related assets at the same time, increase mineral resources development and investment business. To this end, Yung-won Ultra Micro issued a plan to increase, the company intends to 7.21 yuan/share price, to the Yin Fung Mining wholly-owned subsidiary of Xian-Cheng Mining, innovation, Bo Source Cade, South Capital, Dongguan Xinlong, Rui Channel investment total of 6 specific investors, Non-public issue 175 million shares, raise 1.262 billion. The Xian-cheng mining industry will subscribe 83.22 million shares, accounting for the private issue of the number of shares of 47.55%, a total of 600 million yuan in cash. Plus Yin Fung mining by the billion-Tao International, Zhuhai Branch to see the holding of the listed company's equity needs of 323 million yuan, Xian Fung Mining total need to do a good job of 923 million yuan preparation. After the release, Hyun Fung Mining through its wholly-owned subsidiary of Xian-Cheng mining will be the total holding 129 million shares, accounting for 36.06% of total equity. "Rong Sheng Ultra micro-increase basically for the Yin Fung mining more equity, there is no decent investment projects, can not improve the performance of the company, which is also the market to abandon the Super micro One reason." "The above-mentioned Shenzhen Investment person introduces." The announcement shows that 262 million of the fund-raising funds will be used to repay bank loans, the remaining 1 billion to replenish liquidity and prepare for the development of mineral resources and investment operations. Rong Sheng Ultra Micro Introduction, raise funds can reduce the company's financial costs, improve the company's profitability level. Yung-won Ultra Micro also believes that the current non-ferrous metals industry in a downturn, now involved in the company can cultivate new profit growth. "There is basically no special purpose for raising funds and evaluating returns, just repayment of loans, supplementary liquidityCan not effectively improve the profitability of the company. The mineral project is only in preparation and does not improve the state of the company. "A metal industry analyst in Shanghai told the Financial Weekly (Money-week public) reporter. April 26, Yung-won Super Micro Bulletin, 2014 years of the first quarter of the implementation of operating income down 2.86%, net profit-2.67 million yuan, down 875.86% year-on-year. In fact, Yung-won ultra micro nearly three years to the basic in the meager profit wandering. The annual report shows that Yung won the 2011-2013 operating income of 1.122 billion, 907 million and 1.001 billion respectively, net profit of 3.1124 million, 3.3013 million and 8.4817 million. "Yung-won micro-business is at the margin of loss, now in the restructuring of the company is also a large loss, so that the company's performance can be how much improvement?" "Some investors expressed concern over the restructuring of Yung-won.