The whole injection of *st shares

More than six months after the suspension, *st (000922.SZ) today finally announced the reorganization plan. According to *st, the company takes all assets and liabilities (as an asset) and replaces the 51.25% stake (as a 51.25% of the assets) held by the Jiamusi Motor Factory (hereinafter referred to as "The Good Power Plant"), and the estimated value of the assets is about 135 million yuan, placing the assets at 51.25%　　Estimated at about 1.076 billion yuan, the difference will be 8.61 yuan/share price to the good power plant private issue about 109.3254 million shares as the price. At the same time, *st to 8.61 yuan/share price respectively to the Jianlong group and June-industrial non-public issues about 114.7967 million shares and 4.1009 million shares as the right price, the two held by the CLP shares of 47.07% and 1.68% of the equity (respectively, placed in the assets of 47.07%　　and 1.68%). After the transaction is completed, the company will hold a 100% stake in the good power. The company's main business will be the original control of the protection screen, relays and relay protection devices such as production and sales, transformed into explosion-proof motor, lifting and metallurgical motor, local fan fan, shielding motor production and sales (electric pump).　　Its end users are mainly oil, petrochemical, coal, steel and other industries. According to the company announcement, the good electricity shares is Harbin Electric Group wholly owned subsidiary.　　Subordinate 2 wholly-owned subsidiaries, 1 holding subsidiaries and one equity company. According to the company's announcement, November 2007, June can industry 1.787 yuan per share of the purchase price agreement Shenyang East Tower electromagnetic line factory, such as 5 companies hold 3.0769 million shares of the good electricity shares. January 2008, the implementation of the good electricity shares to expand shares, the introduction of strategic investors Jianlong group. Jianlong Group to 4.07 yuan/share price subscription 86.132 million shares, become the second largest shareholder, the final contribution of 350.5572 million yuan.　　According to the proposal, the estimated 100% stake in the good electric power is about 2.1 billion yuan.　　It should be noted that, according to the company's announcement, 2010 1 ~ September, the net profit of the good electric shares of 101 million yuan, lower than the same period last year, is expected to 2010 good electricity shares will be lower than last year's annual performance level. The company announced that the results of the year-on-year decline in the cause is that the first three quarters of this year, the company's sales structure has moved down, resulting in product sales increase while sales prices have declined. In the same period, the price of raw materials procurement year-on-year increase, the cost of the good electric shares with the growth of its business volume increased, resulting in gross and net profit margins are lower than a year earlier.