The original price of Shanshan shares to sell Songjiang copper industry to question

Source: Internet
Author: User
Every reporter Tri Dan 26th, Shanshan shares (600884, closing price of 17.23 Yuan) announced that the Board agreed to the company to the FIR Investment Holdings Limited in Harbin Songjiang Copper (Group) Co., Ltd. 24.92% of the stake.  October 29, 2009, the company's six board of directors at the 19th meeting to consider the adoption of the "Ningbo Shanshan Co., Ltd. and Shanshan Investment Holdings Limited signed a letter of intent on the transfer of interest", on the transfer of the 24.92% stake in the Songjiang copper industry and the signing of the intention agreement with Shanshan. According to the 2009 financial statements of the third quarter (unaudited) provided by Songjiang Copper industry, the assets status of Songjiang copper industry as at September 30, 2009 is larger than that of the Songjiang copper industry as at June 30, 2008, and the asset situation reflected by the financial statements (audited) has changed greatly, and the assets have been significantly reduced and profitability decreased.  Shanshan Holdings in support of the steady development of listed companies, and the company reached an agreement to buy 320 million yuan in the original price of Songjiang copper 24.92% of the equity. According to the letter of intent, the company hired the relevant evaluation agencies to the Songjiang copper industry 24.92% stake in the audit and evaluation. According to the evaluation report, under the premise of continuous operation, the carrying value of the total assets of Songjiang Copper industry is 754.1601 million yuan, the value of which is 1,351,899,500 yuan and the value-added rate is 79% at October 31, 2009.  The book value of net assets is 548.1128 million yuan, the value of net assets evaluation is 1,152,578,400 yuan, the value-added rate is 110%, and the value of 24.92% equity of Songjiang Copper industry is 287.2225 million yuan. According to the evaluation report of the Company's ownership of the subject, the book value of the total assets of Songjiang Copper is 2,108,236,000 yuan, the value of which is 3,481,311,000 yuan, and the value-added rate is 65.13% by December 31, 2007.  The net Assets book value is 826.4029 million yuan, the net assets valuation value is 2,221,287,700 yuan, the increment rate is 168.79%, the Songjiang copper industry 24.92% Equity corresponding appraisal value is 553.5449 million yuan. The company believes that the current assets of Songjiang copper industry compared to the 2008 acquisition of a larger change, the assets have a larger value reduction, profitability decline.  Based on this, the two parties agreed to the transfer of interest in accordance with the agreement to complete the transfer of equity, Shanshan shares at 320 million yuan to the price of the transfer of the company's holding Songjiang copper 24.92% of the equity. According to the relevant information, December 17, 2008, the company's shares at the price of 320 million yuan by the Los Angeles holdings of the 24.92% stake in the Songjiang copper industry.  At that time, the company said in the bulletin, the impact of the international financial market crisis, the acquisition of Songjiang Copper industry has chosen the asset base law assessment, the overall asset assessment value-added rate of 168.79%. But the company's transfer of the original price of the behavior has aroused the market doubts. There is market analysis that in the global economic recoveryBackground, the profitability of Songjiang copper industry is expected to turn good. In this case, but with the original price of the copper industry in the shares of the surrender of the hand, it is difficult to let people understand.

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