Separation of shares announcement 40 million purchase of rare earths company equity

Even pull 11 Yang line, the stock price rose 38.1%, real estate development company separation shares (600614) issued a notice, the company decided to buy Cenxi Rare earth Development Co., Ltd. 10% equity.　　This is not the first time the company's stock price performance anomaly, in mid-December last year, the separation of shares in the stock price after the continuous rise, issued a notice, the company will receive compensation for the relocation of the subsidiary companies, the company will increase the profit of 136 million yuan. The announcement shows that February 18, the company and Zhejiang CLP Equipment Co., Ltd. signed the "Equity transfer agreement." Separation of shares from Zhejiang province to buy Cenxi rare earths 10% equity.　　Cenxi Rare Earth is a state-controlled enterprise, before the deal, Zhejiang CLP held a 49% stake in Cenxi Rare Earths, while Guangxi nonferrous Metals Group Rare Earth Development Co., Ltd. holds its 51% stake.　　Data show that Cenxi rare earth was founded on January 13, 2009, the registered capital of 50 million yuan, the main business scope for the mining rights of rare earths investment, mineral purchase and sale. Unaudited data show that the Cenxi rare earths 2010 net profit loss of 2.8877 million yuan.　　As at December 31, 2010, the company's total assets of 40.9987 million yuan, net assets of 39.5489 million yuan. The separation of shares to 40 million yuan acquisition of Cenxi Rare earths 10% Equity, acquisition premium up to 10 times times.　　It is clear that companies such a high premium for the acquisition of Rare-earth shares, is directed at the market to hold the concept of rare earths.　　Cenxi Rare Earth and its wholly-owned subsidiary Cenxi Mining Co., Ltd. has obtained the prospecting right issued by the relevant departments of the State, and the exploration scope is the important resource of ion adsorption type rare earths, and the reserves of heavy Rare-earth metals are relatively large.　　Separation of shares January 11 announced that the company January 10 and Huaian Asset Management Co., Ltd. signed the "Equity transfer contract", Huai ' an Asset Management Co., Ltd. will be held in Jiangsu Qing-Haul Agricultural Equipment Co., Ltd. 51% of the state-owned shares to 123 million yuan to the company. Main agricultural machinery of Jiangsu Clear Drag the unaudited data show that the net profit of 30.34 million yuan was achieved in 2010.　　As of December 31, 2010, Jiangsu's net worth of MOP is 183 million yuan. While the company is constantly acquiring assets, it is also adjusting its main business. July 2010, the separation of shares will be held in Huaian Ginger Capital Real Estate Co., Ltd. 100% Equity, to 78 million yuan to transfer the price to Huaian Golden Chi Investment Co.　　Ginger Capital Property owns 100% stake in Huai ' an international hotel management Huaian Limited. The company said that the hotel business early investment, relatively long capital recovery, in order to prevent business and financial risks, the company decided to sell the assets.　　The company is expected to dispose of the assets, to achieve investment income of 65 million yuan.　　Affected by the real estate regulation, the company's directional additional funds for the holding subsidiary of the Division of the Capital (Shanghai) Co., Ltd. to develop Shanghai Jiading Golf garden Supporting residential projects, delayed approval. There is analysis that the publicThe two acquisitions seem to have the intention of adjusting the structure of the main business.