ST-colored proposed additional acquisition assets increase nearly 10 times times

Every reporter Ma Yufei due to discuss significant asset injection and suspended one-month St Nonferrous (600259, the former closing price of 17.33 Yuan) announced today the reorganization plan. According to the plan, St colored to 16.82 yuan/share of the issue price, to include the company's holding shareholder Guangdong Guang Sheng Nonferrous Metals Group (hereinafter referred to as the nonferrous group), as well as several natural persons, including a number of specific objects of more than 47.5398 million shares, to purchase the estimated near 800 million yuan mining selection, Processing and warehousing and other related business assets.　　The company said it would significantly increase earnings per share after the deal was completed.　　At the same time, in accordance with the relevant provisions, in the release of the reorganization plan, ST-colored stock will also be officially back today.　　To be injected into the Guangdong first large tungsten ore announcement, the St colored Directional additional object for the color group, Hongtai company, as well as Peng out of the sea, Hu Yingjun, Cai Jie, Shanshan, Feng Xiaojian, Fengxiaoping and Chen Jinggui and other 7 natural persons. The specific acquisition assets include 28% stake of South Reserve company owned by Nonferrous Group, 100% stake of Sheng Shi Company, 30.5% stake of Qingyuan Jiahe, the Peng-Qing, Hu Yingjun, Cai Jie, Qiu Shanshan, respectively holding of Qingyuan Jiahe 7%, 7%, 7%, 9.5% equity; Feng Xiaojian, Fengxiaoping, Chen Jinggui respectively hold the Pearl River mining 20　　%, 20%, 20% Equity and Hongtai Company owned Red Ridge Tungsten ore operating assets.　　Data show that Qingyuan Jiahe is mainly engaged in the production and processing of various rare earth minerals; Pearl River Mining is the main tungsten ore, tin mining, its saw-plate pit tungsten tin polymetallic ore deposits in the National Black Tungsten Mine V, Guangdong Province, the first tungsten mine, while the South Reserve company and Sheng Shi Company are mainly engaged in warehousing and logistics.　　St Nonferrous said that the major asset reorganization is mainly to absorb high-quality non-ferrous metals resources, assets, bigger and stronger listed companies, while the introduction of strategic investors, optimize the company's financial and equity structure, and through capital operation to realize the leap-forward development of listed companies.　　The Pearl River mining industry value-added nearly 10 times times according to the St Nonferrous announced asset estimates, the acquisition of the company's stake in the Pearl River Mining 60% stake in the pre-valuation of up to 512 million yuan, the most expensive of several assets, accounting for more than 60% of the total pre-valuation of the acquisition.　　However, it is noteworthy that as of April 30, 2009, the Pearl River Mining industry has not audited book value of 81.7359 million yuan, and the estimate is up to 853 million yuan, value-added rate of up to 940.24%.　　In this regard, the company's board of directors gave the reason is that the fixed assets, mainly because there are 68.34 million of dollars of assets are in kind but no book records, resulting in a larger estimate of the value of fixed assets.　　On the other hand, on the evaluation of mining right, the benchmark date of the Pearl River Mining book value is September 30, 2005, the method of evaluation is the income method, and the base date of this estimate is April 30, 2009, and the discounted cash flow method is used. The company said that considering the 2005 ~2009 years, the Pearl River mining of various non-ferrous products salesPrices have increased, and its comprehensive recovery rate, as well as the cost of unit total cost reduction and other factors, the company's board of directors that the results of the preliminary valuation is reasonable.