Sector Dragon industrial Rise was "cut hu" directional additional or interest-related transport

September 3, Industry dragon (600836. SH) re-licensing issued directional additional notice display, the company intends to issue shares at the price of 6.97 yuan/share, raise the total amount of not more than 540 million yuan, for the Equity acquisition project, Yangzhou Imperial Longwan commercial Two project and repayment of bank loans, for the directional additional, large shareholder group of the company proposed to subscribe to no less than 26.21%. Data show that in August 28 before the suspension of business, industry has continued to increase for several days, September 3 closed in 9.79 yuan/share, September 6, the company's share price closed at 9.50 yuan/share, more than 6.97 yuan/shares of the issue of floating surplus 36.3%. Some analysts believe that the industry's fixed increase in the investment project or the company's performance impact is not small, investors questioned the company's low price added damage to the interests of small and medium-sized shareholders. Does the increase have little impact on performance? Industry main packaging decoration, color printing, special printing, computer paper products, photographic plate making, packaging and printing materials and equipment, the main products for printing plastic printing, paper products, PS version, printing plate and so on. According to the additional announcement, Dragon Industry this plan to 6.97 yuan/share of the price issue shares, the total amount of fund-raising (including the issue fee) not exceeding 540 million yuan, for the acquisition of major shareholders of the boundary Dragon Joint 17% Equity and the capital of 40% shares, Yangzhou Royal Longwan commercial two phase project and repayment of bank loans, The proposed funds are 140 million yuan, 240 million yuan and 140 million yuan respectively. The announcement shows that at present, the Dragon industry holds the equity acquisition of the World Dragon Joint 83% stake, the name of 60% Equity, after the completion of the purchase of additional acquisitions, the Boundary Dragon Union and all the names will become a wholly-owned subsidiary of the Dragon Industry. Additional announcements also show that as of June 31, Boundary Dragon combined total assets of 227 million yuan, net assets of 78.9021 million yuan, 1-June net profit-851800 yuan, 2012 to date, the company has no operating income, at present through the project company Shanghai Tak-yi ka Real Estate Co., Ltd. is responsible for the development of the World Dragon Life Plaza project. Yangzhou is mainly responsible for the development of Yangzhou Royal Longwan project in Jiangsu Province, the 2012, the business income of 8.6667 million yuan, net profit-2.3347 million yuan; June 31, 2013, the total assets of 979 million yuan, NET assets of 154 million yuan, 1-June operating income of 253 million yuan, net profit of 6.5892 million yuan. The industry intends to buy 140 million yuan of the total net assets of about 75 million yuan, 1-June by shares accounted for the total net profit of about 2.5 million yuan, acquisition premium rate of about 100%, relative to and unsatisfactory net profit, premium rate is high. The directional additional, industry dragon Industry also intends to develop "Yangzhou Imperial Longwan Commercial Two" project, the implementation of the main body for the name of the home, the project is expected to invest 477 million yuan, in order to raise capital investment of 240 million yuan, which plans to sell part of the investment of 80.4682 million yuan, estimated sales revenue 13,560 After deducting the corresponding development cost, sales gross profit 5,514.110,000 yuan, sales gross profit margin 40.66%. For the industry's directional additional projects, some analysts believe that the listed companies originally held 83% of the shares of the dragon, near the Disney relocation base, the future growth of larger space, but this big head originally belonged to the listed companies, and then to the large shareholder's 17% stake, the price should not be low The performance of the company is not outstanding, the large shareholder 40% share transfer to the listed company after the performance contribution will not be many; while the real estate development project, Yangzhou Royal Longwan a project gross profit margin is about 10%, two period project sales gross profit margin as high as 40%, a bit incredible. Suspected of transferring interest? Data show that August 23 to date, the industry has a total of 4 trading days in the transaction (suspension), the share price from the August 22 close of 7.20 yuan/share, up to September 3 9.79 yuan/share, up to 35.97%, August 23 to September 3, 4 trading day turnover of more than 1 billion yuan, As of September 6, the turnover of 7 trading days was nearly 2 billion yuan. August 22, the Ministry of Commerce formally approved the establishment of "China (Shanghai) Free Trade Test Area", 23rd began more than the Shanghai free trade zone concept stocks rose, the industry in the 23rd, 26th, 27th, respectively, 4.31%, 9.99%, 7.75%, the September 3 after the stock continued to limit trading. August 28, the industry announced the announcement of the company's stock since the suspension of 28th, "after consultation with the company's management, the company is planning non-public issues of Shares", "recently some media will be listed as one of the Shanghai free Trade Zone concept stocks." Some investors believe that the big shareholder Dragon Group in the industry shares of Dragon industry suspended "cut Hu", a project which has little effect on the performance of the listed company by issuing shares at a lower price seriously impairs the interests of the small and medium-sized shareholders; the closing price of September 3 was 1.4 times times that of the additional offer, and the big shareholder subscribed no less than 26.21% of the total number of shares issued. Higher returns will be achieved at a time when stock prices are upside down. If the total amount of capital raised by 540 million yuan, the big shareholder group, the company called for 26.21% issue shares calculation, the group will subscribe to 142 million yuan, to September 6 9.5 yuan/share of the closing price of the floating surplus of 36.3%, has been floating more than 50 million yuan, in addition, The group intends to sell shares to listed companies at a price of 140 million yuan, and large shareholders may not have to take out real money directly, so as to gain a considerable benefit from the two stakes which are not ideal for the current profitability. September 6, the reporter on the issue of many times to call the industry dragon, the company said the Secretary and the securities representatives met for refusing to interview.