ST Yellow Sea Price below the additional price of two shareholders reduced to 5% cordon

Qingdao Huanghai Rubber Co., Ltd. (ST Yellow Sea) today announced that the second largest shareholder Qingdao Enterprise Development Investment Co., Ltd. (hereinafter referred to as "Enterprise") from May 22, 2009 to May 13, 2010, through the Shanghai Stock Exchange centralized trading system accumulated reduction of 1,913,200 shares of the company　　, accounting for 0.75% of the company's total equity.　　At the same time, the St Yellow Sea share price has fallen lower than the additional price, the company restructuring was affected.　　Cumulative reduction has reached Gros st Yellow Sea is a veteran tyre enterprise in Shandong, main All-steel radial truck tire manufacturing and sales, in August 2002 to the Shanghai stock. According to the information, the company has a limited sale of shares 20,866,800 shares, accounting for 8.16% of the total share capital, of which 12,780,000 shares on July 30, 2008, the release of restricted circulation, the remaining 8,086,800 shares on February 23, 2009 to release the sale of restricted circulation.　　Prior to the reduction of the current period, the company invested in holding 10,000,000 shares of the shares of the company, accounting for 3.91% of the total capital stock, all for unlimited sales conditions of the circulation of shares. After the reduction, the company has invested 8,086,800 shares in the shares, accounting for 3.16% of the total shares of listed companies, still the second largest shareholder.　　As of May 13, 2010, the company has invested a total of 12,780,000 shares, has reached the total share capital of 5%.　　May 13, the St. Yellow Sea also issued a notice of the stock price, said the company's stock prices on May 10, 2010, 11th, 12th three consecutive trading days to touch the decline limit.　　But in 2009, the St. Yellow Sea has swung to achieve a net profit of more than 17 million yuan, the first quarter of this year also has more than 6 million net profit, on the other hand the company is also carrying out a major reorganization of assets, I do not know two shareholders of this reduction is why? The share price has been lower than the additional price St Yellow Sea This January 12 announcement,　　Qingdao Huanghai Rubber Group Limited liability company due to the company's original major shareholder owes China car Repair (group) corporation debt 114 million yuan, December 30, 2009, the court ruled that the Yellow Sea Group held its 115,429,360 shares of the Yellow Sea shares to pay the creditor to pay the debt, after the implementation of the equity judicial ruling, China Motor Vehicle Repair (group) corporation became the Yellow Sea shares holding shareholder. ST Yellow Sea on May 7, 2010 held four sessions of the Board of directors, the meeting to consider the adoption of the "Company's major assets to sell and issue shares to buy assets and related transaction plan" proposal. In the reorganization programme, China Car group will purchase all the assets and liabilities of the company in cash, at the same time to undertake all the original listed company's employees and business, the company is 7.95 yuan/share issued about 162.3 million shares in Inner Mongolia Zihua Mining Limited liability company 100% Equity, once the successful restructuring St Yellow Sea will completely exit the tire rubber field　　, become a main pyrite mining processing large-scale mining enterprises.However, some analysts believe that: from the proposed injection of assets Zihua mining profits, although the 2011 to 2015 net profit is expected to be 74.55 million yuan, 98.74 million yuan, 129.65 million yuan, 131.38 million yuan and 133.35 million yuan, but from the recent three earnings to see 2008 years, 2009 and the first quarter of 2010, the net profit was 40.4 million yuan, 18.26 million yuan and 11.24 million yuan respectively, according to the total share capital after the issuance of 417.9 million shares, the earnings per share is only 0.097 yuan,　　0.044 Yuan and 0.027 yuan, even in accordance with the estimated 2013 year net profit of 129.65 million yuan to calculate earnings per share of only 0.31 yuan, the growth of the proposed injection of assets is poor, and mineral products and chemical product price changes also makes the proposed injection of asset profitability there is a greater uncertainty.　　However, the St Yellow Sea Restructuring road is not smooth. May 10 and May 11 for two consecutive days of the fall of the St Yellow Sea shares fell to the edge of 8 yuan/share, followed by the 3.33% decline in 12th, the company's share price closed at 7.83 yuan.　　The St. Yellow Sea yesterday closed to 7.62 yuan, down 2.68%, and the price has been lower than the additional price of 7.95 yuan/share. Perhaps, St Yellow Sea need to consider adjust the additional price.