St-Yin into the reorganization plan released large shareholder 5 billion yuan coal assets

NetEase Financial January 10 St Yin into the evening issued a notice, the company's controlling shareholder Xining country New with its holdings of the underlying assets of the company issued about 140 million shares, the shareholding ratio from 18.09% to 43.31%. December 2, 2008, Xian Cheng Mining and western Ningguo New, Zhang Yi on the reorganization of the relevant matters signed the Agreement on the purchase of shares in the Non-public offering; April 13, 2009, Xian Cheng Mining and West Ningguo New, Zhang Yi on the reorganization of the relevant matters signed the "< Non-public offering shares purchase asset Agreement > Supplementary agreement.　　August 3, 2010, Xian Cheng Mining and West Ningguo New, Zhang Yi signed the "Non-public issue of shares to buy assets agreement supplementary agreement two". Xian Cheng Mining plan to the controlling shareholder Xining state New, as well as natural persons Zhang Yi Non-public share shares, the acquisition of Xining Country's newly held Yungui mining company 80% of the equity, light rich mining company 80% of the equity, Yun still mining company 90% of the stake, Huayang coal industry company 38.78%　　and Zhang Yi holds a 10% per cent stake in Huayang Coal Company. After negotiation between the two parties, the transaction price of the underlying assets of the transaction is determined to be 50,108.520,000 yuan.　　Among them, West Ningguo held the underlying asset transaction price is determined to 48,047.700,000 yuan, natural person Zhang Yi holding the underlying asset transaction price is determined to 2,060.820,000 Yuan. The acquisition report shows that Yin metallogenic fixed increase in the price of 3.41 yuan/share, the total number of shares issued 14,694.580,000 shares.　　Among them, Western Ningguo intends to use its holdings of the underlying assets of the private issue of the mining industry 14,090.23.33 million shares, Zhang Yi intends to use its holdings of the underlying assets of the Yin Cheng Mining industry This private issue 6,043,463 shares. After the completion of the release, West Ningguo new will hold a total of yin into the mining industry shares of 19,633 78.53 million shares, the shareholding ratio from 18.09% to 43.31%.　　Before and after the acquisition, Yin into the actual control of the mining industry per capita Huang excellent, yin into the mining industry, the controlling shareholder, the actual controller has not changed.　　In the third quarter of 2010, St Yin into the listed company to achieve the shareholder's net profit of 50.73 million Yuan, 2010 years ago three quarter is 51.33 million yuan, with its three quarter to create a large increase of 4243.96% over the same period last year, to achieve the company's performance relative to last January-September basically flat, a complete loss. Analysts pointed out that the transition to the coal Enterprise St Yin into the three quarterly results should be mainly benefited from the winter coal resources supply and demand changes.　　However, before the reorganization plan was completed, exposure to the fierce competition in the coal industry, St Yin into a weak foundation, especially the shortage of coal resources reserves are also very prominent. St Yin Cheng said that through this transaction, the integration of internal coal resources, to avoid competition in the industry, standardize the operation of listed companies. In addition, the listed companies will solve the plight of business, tamp the main business, improve the profitability of listed companies, and effectively changeGood financial situation of listed companies. As of January 10 closed, St. Yin into a newspaper 9.03 yuan, down 5.05%.