Shanghai construction additional purchase of 1.7 billion assets today duplicate card trading

NetEase Finance February 21 February 19 Shanghai Construction (600170. SH) issued the announcement of the plan to purchase assets. The announcement said that the proposed 15.05 yuan/unit Upward Sea Construction Group (hereinafter referred to as "construction group") more than 114 million shares, for the purchase of the latter holding Shanghai foreign Economic Group Holdings Limited (hereinafter referred to as "Shanghai Wai Jing"), Shanghai Municipal Engineering Design Research Institute (hereinafter referred to as "municipal Court") 100% Equity,　　The price of the underlying assets is 1.719 billion yuan.　　Data show that in 1998, the construction industry group will be one of the civil engineering integration of Shanghai building and listing, but limited by the scale of the capital market at that time and the construction group's own historical burden and other reasons, and the main architectural works related to some professional business and other not listed. In May 2010, the construction group has injected the core assets and business of the professional constructions into Shanghai building.　　For the holding shareholder to inject assets again, the company said that in view of the Shanghai Sasac in 2009, China's Shanghai Foreign Economic (Group) Co., Ltd. was transferred to the construction group, the construction group needs to spend some time on its overseas business clean-up, integration, so the overseas business has not been injected into Shanghai construction.　　Accordingly, Shanghai construction in the "issue shares purchase assets and major assets reorganization (related transactions) report" disclosed that, construction group undertakes to plan to complete the integration of assets and business of China Shanghai Foreign Economic (Group) Co., Ltd. in two years ' time, and inject the overseas business of construction group into Shanghai construction. September 2010, in order to further enhance the engineering design function of construction group, to upgrade the general contracting and total integration ability of construction group, Shanghai Sasac transferred the shareholding of Shanghai Municipal Engineering Design Research Institute (predecessor of Municipal Hospital) to construction group.　　Municipal College is the largest and most powerful enterprise in the municipal design industry in China, and it has a division and cooperation relationship with Shanghai Construction in many major municipal projects.　　The announcement revealed that the net profit of the municipal institutions in 2009 and 2010 was 127 million yuan and 138 million yuan respectively.　　Shanghai Construction said that after the completion of the transaction, construction group control of the management of high-quality assets will be fully injected into Shanghai construction, will effectively resolve the previous major asset restructuring legacy of the construction group and Shanghai Construction Overseas Business competition issues, reduce related transactions, to achieve the overall listing.　　Second-tier market, the unit today a word trading. Related News Shanghai Construction Engineering additional purchase of 1.7 billion assets the integration of Shanghai state capital and accelerate