Substantial progress in reform of Jiang-Zhong group

Jiang Traditional Chinese Medicine Industry (600750) and China River Real Estate (600053) holding shareholder Jiangxi Jiang China Pharmaceutical (Group) Co., Ltd. the diversification of ownership structure has made substantial progress, Jiang China Group will introduce Dalian Side Group Co., Ltd. as strategic investors, the future will also be carried out by the Business Sector Division of the company. It is understood that, September 15, Jiangxi Provincial Sasac through the Jiangxi Provincial property exchange listing the way, will hold the 10% stake in Jiang Zhong Group to the PLA Military medical Sciences, while to inspire Jiang Group management, will hold a 30% stake in the Jiang Group, through the combination of rewards and cash placements, Awarded the management of Jiang Zhong Group composed of 24 natural people. September 18, Jiangxi Province Sasac decided to further the introduction of strategic investors Jiang, through the Jiang-China Group shareholders will consider approval, agreed to the Dalian Side Group Co., Ltd. in monetary terms to the Jiang China group to increase capital.　　After the increase of capital, one group accounted for 27.143% of the total share capital of Jiang Zhong Group. The above-mentioned restructuring, increase in capital involved in the equity valuation basis: Jiang China Group in the end of 2009, the value of the estimated net assets of about 1.81 billion yuan, while deducting the benchmark in the future of the group's debt, the final pricing base of about 1.01 billion yuan. After the reform and increase of capital work, Jiangxi State-funded committee, Jiangxi College of Medicine, Military Academy, Management, one side of the group holding 41.528%, 2.186%, 7.286%, 21.857%, 27.143% of the shares.　　After understanding, the Military academy, Jiang China Group Management, a group of people do not exist in the relationship between the two groups, Jiang China Group's controlling shareholder is still the Sasac of Jiangxi Province. At the same time, in order to promote the Jiangsu Group pharmaceutical and real estate two major business sectors of the development, Jiang China Group board resolution, decided according to the business sector of the group to implement the Company division.　　This division will not lead to Jiang Chinese medicine industry, the actual control of the real people in the river change, the two companies are still the actual control of the Sasac in Jiangxi Province. Public data show that one party group by natural person Sun Xiti in 2001, registered capital of 500 million yuan, is a rapid growth of the diversified private enterprise group. At present, the formation of the real estate development, fixed assets investment, equity investment mainly three core industries.