April 2 night, St Zhang (000430) issued a notice of the implementation of major assets reorganization, the company said that "the issue of shares purchase assets and major assets reorganization" has been approved by the China Securities Regulatory Commission on March 28, the company received approval, in time to carry out the relevant assets transfer work. Up to now, has completed the marked assets of Zhangjiajie easy to the world environmental Protection Passenger Transport Limited (hereinafter referred to as "green passenger") of the ownership transfer procedures. March 31, the Zhangjiajie Trade and Industry Bureau approved the change of the environment-friendly passenger transport shareholders, after the change St Zhang unit has been holding 100% of environmental passenger rights. The latter has become a wholly owned subsidiary. Shell reorganization double Effective Day, St Zhang also issued the China Merchants Securities on the restructuring of the independent Financial advisor verification advice. The major reorganization of the content is mainly to 6.36 Yuan/unit to the Investment group, Wulinyuan Tourism Company, Forest Park management directed additional 100.7997 million shares, the acquisition of Green Passenger Transport company 100% stake to June 30, 2010 as the benchmark day of assessment, The book value of net assets of the green passenger transport to be purchased in this transaction is 157.6 million yuan, and the value of total stockholders ' equity is 641 million yuan, the evaluation value is 480 million yuan and the value-added rate is 306.64%. After the completion of this transaction, the direct or indirect shareholding of the investment group is 32.44%, still a controlling shareholder. All 3 of these companies are committed not to be traded or transferred within 36 months from the date of transfer to the shares subscribed to in this transaction. Upon completion of this transaction, St Zhang unit will be mainly engaged in tourism resources development, tourism supporting services, tourism passenger transport, the main business clear, outstanding, continuous management capacity enhancement, environmental passenger transport and listed companies will produce a strong synergy between the existing business, is conducive to improving the asset quality of listed companies, improve financial situation and enhance sustainable profitability. Listed companies and with the targeted 3 of the target of the transaction involved in the profit compensation for the agreement, the forecast of environmental passenger transport from 2011 to 2014 net profit of 48.589 million yuan, 51.826 million yuan, 64.0676 million yuan, 63.9224 million yuan. In fact, in the past year, the St of Zhang stock has indeed been fruitful. The net profit reached 20.1275 million yuan last year, thanks to a record number of visitors to Zhangjiajie, and significant progress in stripping non-performing assets. As early as two months ago, to the Shenzhen stock market to remove the "Exit Risk warning" application. Wang Yawei with the Chinese department heavy warehouse with the reorganization approval issued, the company to remove "special treatment" time is also far off. And because of the double anticipation of restructuring and turning around, the institutions have "sneaked in" early in the last four quarters. The annual report shows that as of the end of 2010, the Huaxia fund management company under the helm of Wang Yawei has three fund heavy warehouses, of which 7 million shares of Chinese renaissance, Chinese dividend holding 6.3285 million shares, the Chinese market also configured 4.5 million shares, total shareholding 17.8285 million shares, accounting for the circulation of the disk of 9.59%,Almost 10% of the upper limit. At the same time, Deutsche Bank in 2010 years of new 4 million shares in the four Seasons, state securities also buy 2.2 million shares. Trend, in many institutions into the heavy warehouse, the stock of the first quarter of the increase is not too big, early opening for 8 Yuan, February 18 up to 10.98 yuan, on the closing in Friday after trading for 10.29 Yuan, the year's rise in about 25%. Since the total share capital before the issuance of only 220 million shares, the current market capitalisation of only about 2 billion yuan.
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