Three friends of chemical major assets reorganization program was approved by SASAC

NetEase Financial September 6 News three friends chemical Monday evening Notice, the company received the relevant official approval documents issued by the Hebei Sasac, the principle of the three Friends of Tangshan Group Co., Ltd. reported the "on the implementation of the assets of its subsidiaries program." Three friends of the chemical August 17 announced a private issue of the plan, the issue of shares of 6.29 yuan/share price. On June 30, 2010 as the base day, three friends holdings of Xingda Chemical fiber 53.97% Equity evaluation value of 64,375.420,000 Yuan, the alkali group holds XINGDA chemical fiber 6.16% Equity evaluation value of 7,347 yuan, Alkali Group Holdings of far-reaching fiber 650,000 equity evaluation value of 20%,　　364100 Yuan.　　Based on the above evaluation value, the three friends of the chemical proposed to the three-friend group issued 102.34 million shares, the number of shares to be issued to the alkali industry group is 18.09 million shares, the total issue quantity of 120.44 million shares, accounting for the issuance of the total share capital of 11.37%. Xingda chemical Fiber to pay far more than 100 million yuan in real capital and completion of the transaction, Xingda Chemical fiber, Tatsu fiber will become the company's wholly owned subsidiary.