Star power: Bad Asset disposal results

Know wrong can change, good is great. March 14 The author published in this newspaper, "star power: Latent N Unexpected stock market" star "a article, in the company under the thermal power plant, star Medicine and other non-performing assets frequently burst into account for large impairment of the performance of the decline expressed doubts, these non-performing assets in a prolonged period of production without disposal of doubt,　　And look forward to the company as soon as possible to the long-term production of non-performing assets disposal, transfer, timely stop loss, so as to avoid further impairment losses. June 23, star Power released board of directors announcement, to consider the adoption of a public auction to dispose of some of the assets of the thermal power plant; In response to the announcement, the author told reporters at the time: "This is a belated asset disposal decision, but at least from the formal perspective is to take a positive step in the right direction, Expect the company to be more positive attitude to deal with investors concerned about the star drug industry and other issues. "July 28, the star power issued a board of directors notice to consider the transfer of its star pharmaceutical industry full stake in the bill." October 27, the star power again issued board of Directors announcement, the company holds the star pharmaceutical company 98.36% shares through the public listing way transfer to Sichuan Branch Chong Medicine Company, the transfer price is 51,029,168 yuan, the branch creates the medicine group has paid the margin 5 million yuan. Under the contract, the medical group creates a one-time payment of the balance within five working days after the signing of the "Property transaction contract" and completes the transfer of the property right before November 30, 2010.　　According to the bulletin, star power transfer star drug ownership matters have made substantial progress. Star Medicine is the star power holding 98.36% of the subsidiary, the registered capital of 91.5 million yuan, of which the star power to the company 90 million Yuan, is the company's 2001 rights raise capital investment project. The company has been losing money since its inception, and at the end of 2009, its net assets have fallen to 34.7142 million yuan from its initial contribution of $91.5 million. The company has been discontinued for 2 years since 2008!　　It can be seen that it is advisable to take measures to dispose of the assets as soon as possible, not only to avoid further losses, but also to dispose of the assets can be concentrated in the company's main business, enhance the company's profitability. At the end of 2009 star Pharmaceutical book Net assets of 34.7142 million yuan, star power holding its 98.36% per cent of the corresponding book cost of 34,144,890 yuan, the transfer of the shares of 51,029,168 Yuan, which will produce 16,884,280 yuan in the book income.　　More importantly, the company in the disposal of non-performing assets at the same time, the recovery of 51,029,168 yuan in cash, the company's asset quality has been improved. Look forward to star power the transfer of the shares can successfully complete the relevant formalities, and the resumption of equity transfer funds.　　At the same time, also look forward to its previous announcement of the disposal of thermal power plant parts of the assets can have new progress. Personally, listed companies are the cornerstone of the securities market. The operators of listed companies should be rational, loyal and alwaysTake the shareholder's benefit as the first, thus unceasingly creates the value for its shareholder. When more and more such listed companies continue to emerge, become excellent and even great enterprises, our securities market can really go to health, prosperity, only in this way, can continue to improve the return on investment of investors.