Shougang to buy Tong steel Tonghua Gold horse or inject mining assets

May 25 evening, Tonghua Golden Horse (000766. SZ) issued a notice that the company received the first major shareholder Tonghua Yong Xin Investment Co., Ltd. (hereinafter referred to as Yong Xin Investment), informed Tonghua Erdaojiang District government will soon discuss matters related to the company's major issues.　　The company's shares were suspended from 26th.　　For the reorganization of Tonghua Gold horse, the market has rumors, and with the gold Horse of Tonghua, the suspension of the restructuring of another protagonist-Shougang group also surfaced.　　May 27, reporters close to Shougang Group learned that the Shougang group will buy Tonghua Golden Horse shareholders of the stake, and in the appropriate time to inject mining assets.　　Packaging acquisition According to public information, Yong Xin Investment in the largest shareholder for the Tonghua Erdaojiang District Finance Bureau, which holds 30% of the company's shares, Liulicheng and other six natural persons holding 70% of the shares. Yong Xin Investment in 2005 to complete the restructuring, restructuring, the company chairman Liulicheng, directors each from China and Wu Chengyu and other per capita holding the company shares. At present, Yong Xin Investment holds 24.7% of the shares of Tonghua Golden Horse. In addition to holding the stock of Tonghua Golden Horse, according to the reporter understand, Yong Xin Investment and no other business.　　Therefore, the investment will be transferred to Shougang group, can also be regarded as management of the cash. In fact, the restructuring of the gold horse in Tonghua has long been rumored. "As early as a few years ago, the company's major shareholders were deliberately restructuring the company, and the company does not have huge debts or contingent liabilities, the ratio of assets to debt for several years around 30%, it can be said that the company is a very clean shell."　　said the person. As of March 31 this year, the company's assets and liabilities rate is only 31.72%, although 2007 to 2009, the net profit reached 18.8292 million yuan,　　17.18 million yuan and 29.791 million yuan, but because of its total equity reached 450 million shares, three years of earnings per share only 0.04 yuan, 0.04 yuan and 0.07 yuan respectively. But with the reorganization expected, the share price of Tonghua gold horse has been very high, even at the end of last year reached more than 10 yuan.　　At present, its dynamic P/E ratio is more than 200 times times. However, "because the company's total capital is too large, there is no suitable reorganization."　　said the person.　　And Shougang Group contacted, mainly because of the restructuring of the steel group. Tong Steel Group and Tonghua Golden Horse in Jilin Province Tonghua, at present also belong to Tonghua state-owned enterprises. "Shougang Group in the negotiation of the acquisition of Steel Group, one of the conditions proposed is to buy Tonghua Golden Horse package."　　said the person. "At that time the competition is very fierce, in addition to Shougang Group, Anshan Iron and Steel group also participated in, arguably, in the GEO, Angang group more dominant, but Shougang group gives the price is more attractive."　　said the person.　　Before long, the Tonghua government finally finalized by Shougang Group to reorganize the steel group, and Tonghua Golden Horse control of equity transfer as the Shougang group proposed conditions, also was finalized. or injected into mining assets Shougang GroupThe former steel assets mainly concentrated in the listed company Shougang shares (000959. SZ), however, Shougang Group holdings of assets is not just the steel industry.　　The company's Web site data show that also includes a large number of non-steel business, such as mining, machinery, electronics, construction, real estate, services, overseas trade and many other industries. "Outside the listed companies, Shougang's better assets are concentrated in the mining and real estate sectors, and the possibility of injecting mining assets is relatively high."　　The above people think.　　Shougang Group's mining industry assets to Shougang Mining company as the carrier. Public data show that Shougang mining company was founded in 1959, is located in Hebei province Qianan Qianxi County territory. After more than more than 40 years of construction and development, has become engaged in mining, mineral processing, pellet, sintering, and machinery manufacturing, harvesters manufacturing, electric power building, construction and installation of many industries such as large state-owned mining enterprises.　　Now has fixed assets of the original value of 5.3 billion yuan, 19,000 people registered staff. The company's mineral industry strength, mining, mineral processing, sintering, pelletizing process equipment advanced.　　Mineral processing system in the annual treatment of 27 million tons of ore, oxidation ball annual production capacity will reach 3 million tons, sinter annual production capacity of more than 6 million tons. At the same time, the company's non-mineral industry booming, mining vehicles, grinding ball, metallurgical roll, wear-resistant heat-resistant parts, building materials installation, Earth-rock project and other projects, the annual output value of billion yuan, rubber products, electronic and electrical appliances, chemicals, services and other projects in accordance with the annual production of tens of millions of million-yuan planning and implementation;　　Ball machine and other mines complete sets of equipment and 10 cubic meters bucket, shovel rod, magnetic liner, computer printing paper, such as hundreds of new products, the value of non-mine will reach 1 billion yuan.　　Shougang's Beijing Shougang Real Estate Development Co., Ltd. was founded in November 1998, to real estate as the core business, Shougang Group is a wholly-owned real estate development company, registered capital of 600 million yuan. 2009, Shougang Real Estate in China's Industry Enterprise Information Center in the 500 of the total assets of the 107th place, sales area 132th, the overall strength of the 185th position.　　As of December 31, 2009, the total assets of 9.6 billion yuan, net assets of 1.6 billion yuan. "In terms of scale, Shougang's real estate business in the country is not prominent, in today's state control of the real estate industry in the environment, to be listed more difficult."　　"Analysts say. However, the Shougang group's mining business to take the acquisition of Tonghua Gold Horse listing, the same controversy.　　If regulators have been pushing to avoid linked transactions, and the two listed companies controlled by the same group are part of the industry, will this be a barrier to restructuring? However, the reporter in Shougang shares of the 2009 annual report and March 3, 2010 issued by the company 2010 daily Associated turnover estimates, and did not find the shadow of Shougang mining company. "As long as the price is fair, there will be no harm to the interests of listed companies." The above people think.