St Kelon third reorganization plan released the value of the valuation of the assets again reduced

-This reporter Xu Jie after the previous two reorganization plan successive "abortion", Today, St Kelon third asset reorganization plan again.　　St Kelon to the company's largest shareholder Hisense Air Conditioning Non-public issue A shares to buy its products including refrigerators, air-conditioning production and white home appliances marketing, including white goods assets.　　The underlying assets are not more than 1.25 billion of the value of the above two valuation of the proposed purchase of assets, including Hisense Air conditioning held in Hisense Shandong 100% stake, Hisense Zhejiang 51% Equity, Hisense Beijing 55% Equity, Hisense Hitachi 49% Equity, Hisense Mold 78.7% Equity and hisense Marketing of white goods marketing assets. In respect of the underlying assets to be purchased, the company intends to issue a shares of the total of no more than 365.5 million shares to Hisense air-conditioning, with a par value of 1 yuan per share. The value of the underlying assets of this transaction is intended to be estimated mainly by cost method. According to the resolution approved by the Board of Directors of the general trading plan, this time the proposed purchase of the underlying assets price of not more than 1.25 billion yuan.　　The price is also lower than the company's previously announced valuation of the assets. Before the transaction, Hisense Air conditioning held 250173722 shares of St Kelon, accounting for 25.22% of the company's total equity, as the company's largest shareholder; after the implementation of the transaction, Hisense air-conditioning will hold the highest proportion of the company's shares will increase to 45.35%.　　This transaction will not lead to changes in the company's control.　　Low valuations are for the reorganization of the smooth clearance? Since Hisense Air conditioning into the Hisense Kelon, after more than three years of reorganization, Hisense Kelon has been out of the danger of bankruptcy liquidation. But in order to eliminate the current competition between Hisense Kelon and Hisense Group, reduce the related transaction, and finish the substantial integration of the two big white goods of Hisense Air conditioner and Hisense Kelon, further improve the asset quality of Hisense Kelon, improve its profitability and sustainable development,　　Hisense Air conditioning will be its high-quality white electricity assets into the whole of Hisense Kelon. However, the first reorganization was rejected by the SFC because of the "high valuation".　　But the reorganization of both sides did not give up, in the lower the underlying asset transaction prices and the number of issues, but encountered macro-economic situation and the development of the industry changes, leading to major changes in the basic conditions of the transaction, the transaction can not continue, so the St Kelon Board of Directors issued a notice on July 18, 2008 announced And this is the third time St Kelon started restructuring program.　　Because, with the development of enterprises, the incidence of related transactions more frequent, in order to thoroughly resolve the existing trade between Hisense Kelon and Hisense Group competition, the realization of Hisense air conditioning and Hisense Kelon two large white household appliances assets of the substantial integration of Hisense Air conditioning, Hisense Kelon decided to start restructuring again. But the reorganization can be successfully achieved, but also to be reviewed by relevant departments.