Spechin Equity holding position *st the investment of Shanghai Branch can be period

Spechin again, will *st Shanghai branch 27.37 million shares in the bag.　　The Spechin who sits on the position of the big shareholder or will fulfill the pledge of injecting the good assets. *ST Shanghai Branch Today, according to the Wuxi East China Auction Co., Ltd. 1743th Auction book confirmed that the company's shareholders Wuxi Wanfang Communications Technology Co., Ltd. in the morning of 14th in Wuxi, Kunming and Dou Special Industrial (Group) Co., Ltd. was photographed. The auction price is 182.5 million yuan.　　It is reported that Wuxi Wanfang main assets for the holding company restricted circulation shares 27,376,311 shares (accounting for the company's total share capital of 8.32%). The announcement shows that Kunming days and Dou Special Industrial (Group) Co., Ltd. is the largest shareholder is Spechin, Spechin holds Kunming Day and 69.45% of the equity. Analysts pointed out that with the stock auction, Spechin will sit *st Shanghai hkust shareholder position. In fact, before the auction, Spechin has passed two auctions, the total holding company restricted circulation shares 28.01 million shares, for the *st Shanghai branch of the first major shareholder.　　However, because the shareholding in the stake and Spechin Holdings, only 640,000 shares, its final ownership is crucial. "The auction has attracted five bidders, after several rounds of bids, the total lasted about half an hour or so before the end." The staff of Wuxi Huadong Auction Co., Ltd. said to our correspondent yesterday. and *st Shanghai Branch two shareholder total equity of the final transaction price, from the initial 100 million yuan reference price soared to 180 million yuan, it is evident that Spechin take the stake is determined to win.　　If add the first two times to consume 160 million yuan, Spechin to *st Shanghai branch total cost up to 342.5 million yuan. The auction price is also much higher than the price of the plate. If the final transaction price of 182.5 million calculation, the 27.37 million unit price up to 6.67 yuan/share, than the *st Shanghai branch yesterday trading price of 5.69 yuan higher than 17.22%, also far higher than the first two batches of stock auction prices. Among them, Spechin at the end of last year to take the Nanjing Group held 12.51 million units, the unit price of about 4.82 yuan/share; this February, Wuxi Wanfang held 15.5 million shares, the unit price of about 6.46 yuan/share.　　However, if according to the previous disclosure of the auction subject's reference price of 100 million yuan, the equivalent unit price of about 3.65 yuan/share, should belong to the lowest of the three auctions.　　However, analysts pointed out that, although the price is relatively high, but the stake will be taken to make Spechin sit *st Shanghai hkust shareholder position, at the same time, Spechin and the original actual controlling shareholder Nanjing and Fang of the holding rights of the dispute will no longer suspense. At the same time, Spechin assets into commitments or put on the agenda.　　When he took the previous stake in February of this year, he said the aim of the auction was to use its business and asset advantages to integrate the company's business and upgrade the quality of the listed company, and it was possible to inject the quality assets he owned into the St-Shanghai Section within the next 12 months. Data show that Spechin from May 1995 to May 2009 as Kunming and the development of the letter Housing Industry Co., Ltd. chairman of the company, holding 65.97% per cent, 2004 years from September to October 2009 as Kunming days and Dou Special Industrial (Group) Co., Ltd. chairman, holding 69.45% equity; In addition, he also holds Yunnan Moma Real Estate Co., Ltd. 26%, Yunnan Moma Stone Crafts Co., Ltd 48%, Yunnan Rama Business Co., Ltd. 34.8% Equity. Industry insiders said, and the letter house industry is a well-known local real estate developers in Kunming.