Shandong High speed plans to add to large shareholder to acquire its high speed assets

Operating mileage of more than 1000 kilometers or into the national first highway listed companies. Suspension of nearly one months, Shandong high-speed today finally released a major asset restructuring plan, as before the market personage analysis, the Shandong high speed to the controlling shareholder Shandong High Speed Group Co., Ltd. (Shandong High-speed group) directional additional purchase of Shandong Expressway Operation Management Co., Ltd. (referred to as high-speed transport company) 100%　　and Shandong Wei-Lai Expressway Co., Ltd. (Wei-lai) 51% equity, assets valuation of about 7.5 billion yuan, the size of the issuance of shares of about 1.418 billion shares.　　The target assets January-May net profit up to 200 million yuan according to the plan disclosed, high-speed transport companies and the Weifang company operating the Shandong high-speed group's Beijing-Fuzhou high-speed de-South to Taian section (referred to as Beijing Fu into the section), Granville Milk high-speed and Wei-Lai Expressway and other road production, the total interest mileage of 290 km.　　Upon completion of the acquisition, Shandong Expressway has jurisdiction over the total mileage will reach 920 kilometers, plus commissioned by the green Silver high-speed Jinan around the north line 46 kilometers, Henan Xu Bo Highway 125 kilometers, the company's operation and management of the expressway total mileage will reach 1091 kilometers, a leap into the domestic highway plate the first major listed companies. And the Shandong high-speed acquisition of assets are all Shandong high-speed group's high-quality assets, data shows that 2010 1 to May, Beijing Fu into the 139.16 km to achieve the toll income 489 million yuan, an increase of 19.49% , Granville Milk high-speed 79.60 kilometers to achieve toll income 34.718 million yuan, an increase of 18.97%, Weifang company to achieve operating income of 97.6539 million yuan, an increase of 21.53%.　　The underlying asset package 2010 1 to May, the realization of operating income of 588.1549 million yuan, the total profit of 28,258 690,000 yuan, net profit of 20,245 800,000 Yuan. will become the industry leading enterprises in the above road production, Beijing-Fuzhou high-speed into the section for the National Highway Network longitudinal main line-Fuzhou high-speed, Beijing-Shanghai high-speed in Shandong's overlapping sections, Shandong high-speed group is the most outstanding road production, Shandong province and even the country's most profitable one of the highways.　　Even in 2009, when the financial crisis was raging and the domestic macro-economy was at its lowest level, Beijing-FU included a toll income of 1.058 billion yuan, equivalent to 36% of the 2009 toll income of the listed companies. Granville Milk high-speed is connected to the highest level of development in Shandong Province, the largest potential, the most dynamic economic region of Jiaodong Peninsula Weihai, Qingdao City. In early 2010, Shandong Province formulated the "Shandong Peninsula Blue Economic Zone" strategic plan, the future of this economic zone is the economic engine of the Yellow River basin, the southern uplift belt of the Bohai Economic Circle, the pivot of the old industrial base of northeast and the Yangtze Delta Economic Zone, the free trade leading area of China, Japan and Korea, and the development pattern of "one district three belts" is clearly proposed. , the future Jiaodong Peninsula will be formed to Qingdao as a leader, Qingdao, Yantai, Weihai Three cities as the core of the urban economic circle, the future is expected to become the most busy traffic lines in Jiaodong PeninsulaOne of the roads.　　Wei-Lai high-speed since the completion of the opening, composite growth rate of 17%, but Wei-lai high-speed profitability at this stage slightly weak, mainly because of its high financial costs diluted net profit level, in the toll income continues to rise, the debt gradually repay the situation, the future profitability optimism. The big shareholder's overall listing pace is hurried in recent years, Shandong High speed frequently buys the road assets which the big shareholder holds.　　The major shareholders have also publicly stated that, according to the high-speed group Capital Operation Master Plan, the group will be the entire expressway quality assets into the listed companies gradually. According to market analysis, the acquisition will effectively promote the listed companies to significantly increase the size of assets to ensure that listed companies in the current and future can maintain sustained and rapid growth.　　The controlling shareholder Shandong High Speed Group also fully honoured the share reform commitment, the biggest degree to the market demonstrated that it will build the Shandong high speed to become the industry leading enterprise's determination and sincerity. Industry experts think, Shandong high-speed this major asset reorganization is the domestic expressway industry capital Operation has a landmark event, is the largest in the history of expressway industry assets reorganization, will drive the entire expressway industry into the overall listing stage. Shandong high-speed group's asset injection will continue in the future, Shandong high-speed will become the highway industry listed companies in the undisputed leading enterprises.