Shanghai Hua Hong 100 million yuan to sell Beijing Huahong

Shanghai United Property Exchange News, Shanghai Huahong Integrated Circuit Co., Ltd. recently listed the sale of Beijing Huahong Integrated Circuit Design Limited liability company 90% Equity, listing price of 107.5751 million yuan. Founded in February 18, 1998, Beijing Huahong production IC card products and IC card reader.　　As of March 31, 2010, the total assets of Beijing Huahong is 251 million yuan, the owner's equity is 119.5 million yuan. According to the Exchange data, the operating income of Beijing Huahong in the previous year is 225 million yuan, the net profit is only 1.4237 million yuan. And the first two years of operating income of 312 million yuan, net profit of 8.0994 million yuan.　　It can be seen that Beijing Huahong operating income and net profit showed a marked downward trend. Shanghai Huahong to the assignee should have three conditions: the intention of the assignee in 2007-2009 for three consecutive years of profit, the audit of the 2007-2009-year end of the three-year net assets average balance is not less than 80 million yuan, 2007-2009 three year net profit average of not less than 20 million yuan; Do not accept joint assignee.