Tomorrow to the Shanghai BBMG into Beijing company market value King

Xinhua News (Reporter Shaozehui) tomorrow, the H-share blue-chip company Beijing Golden Corner Co., Ltd., a shares will be listed in Shanghai, which marks the official return of the stock market, this is the rabbit's first blue chip return. "Backdoor" Taihang Cement July 29, 2009, BBMG shares in the Hong Kong stock exchange of the main board listing, and in November 2009, March 2010 successively selected the MSCI International index component stocks and the Hang Seng Composite Index component stocks. In Hong Kong when the first listing, BBMG shares promised to return to a shares, and this time to take the initial public offering of a shares at the same time to absorb the merger too cement the way to return to the A-share market, but also by the industry is regarded as a rare innovative trading case. According to the merger, the BBMG shares issued 410 million shares of the shares, with a total of 1.2:1 per cent of all the shares of the company's holdings of the Taihang cement Stock exchange for shares to absorb the merger, not to finance.　　The scheme is too cement 10.8 yuan/share Exchange price (corresponding to the 2009 P/E ratio of more than 50 times times) and the Golden Corner shares of 9 yuan/share price, indicating that both shareholders enjoy asset premium. In addition, the programme has a special set of two cash option mechanisms to allow investors to have two opportunities to choose between holding or holding, an innovative arrangement that shifts the risk to investors of a level two market price fluctuation.　　The reporter learned that the Taihang cement has ceased trading since February 18. 50 billion wins the market capitalization champion Beijing Gold Corner chairman Jingweiping told the reporter, BBMG shares is the Bohai Sea, the Beijing and Tianjin Hebei region biggest cement and the commodity concrete supplier, the Beijing biggest guaranteed housing developer, the Peking area has the leading position upscale property investment and the management business.　　Reporter learned that, according to the calculation, after a-share listing, BBMG shares of the market value is expected to reach 50 billion, this size in its building materials industry ranked second, after conch cement, if according to the Beijing region listed companies to rank, then in the championship position. Jingweiping said that the return of a A-share is not to pursue market capitalisation scale, but more importantly hope that a-share investors can share the company's sustained growth in business performance and good value growth. According to the building Materials industry analyst report, between 2009 and 2012, the company's net profit and core net profit compound growth rate will reach 45% and 54%.　　The company 2010 cement production capacity of 40 million tons, is expected to reach 50 million tons in 2012, occupy Beijing, Tianjin and other markets more than 70% of the share. Cement stocks were fiercely fried to benefit from the national high-speed railway, water conservancy, safeguard housing and other infrastructure construction implementation, the recent cement plate continues to warm up, many stocks continued to rise, although the middle has been repeated, but on the Friday is a collective force, 20 stocks all fluttering red. At present, the National Security Housing Project Coordination Group and the provincial government signed this year's project construction target responsibility, 10 million sets of housing construction tasks to be broken down to all over. Citic Securities analysts think this is undoubtedly a positive for the cement industry. The macro-source securities analysts also pointed out that the construction of housing asPolitical tasks, cement, glass and other building materials need to have a positive pull role. In addition, BBMG shares for stock Exchange and merger of Taihang Cement successfully returned a shares, but also caused the market for the consolidation of the cement industry expectations. J049