Wah Tin Group denies borrowing Shell *st North is really unintentional or false ruthless?

-This reporter Shi Yuli Liu Xin before, this newspaper had to "*st North students, Wah Tin Group worried about restructuring change" by fraud "as the title, did the Guangxi Nonferrous metals industry Large companies Wah Tin Group intends to borrow Shell *st North students reported.　　At that time, people familiar with the matter said that, in view of the financial situation of the *st north, the Chinese tin group may not easily enter.　　However, a few days ago, Wah Tin Group insiders to our correspondent, May 6, 2009, Wah Tin Group convened a board of trustees, re-examine the company to borrow Shell *st to realize the listing of the program, and has put the matter into the Chinese tin group agenda. Reporters on May 11, the first time Contact Wah Tin Group board Secretary Wechning confirmed the news. However, Wechning denied the statement. He said the board had only mentioned the intention to borrow the shell listing, but did not mention the specific company name.　　Even if the company chooses the shell listing, it will consider from the cost angle, looks for the scale and the stock price suitable company, the scope does not confine in the Guangxi area.　　Do not rule out backdoor but the object is not sure Wah Tin Group listing, the reason is often linked with *st north, because, the two are just as young men and women, one to marry one to marry. On the one hand, the China Tin Group's listing planning at least in Guangxi is not "can not tell the secret." The company initially planned to raise capital through IPOs, but as the market changed, the time and capital costs of IPOs began to increase. People familiar with the matter said the company had already started looking for shell resources.　　Before Wechning in an interview with reporters also said that the company does not rule out the possibility of shell listing. *st, on the other hand, has been the ultimate goal of the local government since he was taken over by a group of administrators, mainly composed of some of the Beihai government officials at the end of last year.　　According to local sources close to the government, Beihai's government-led management team hopes to keep the shell in Guangxi. China Tin Group's listing financing plan is closely related to the integration planning of nonferrous Metals in Guangxi Autonomous Region.　　Under the leadership of the local government, the Chinese tin group is likely to choose the *st bei Sheng Borrow shell listed, of course, will cause people too much reverie. However, the China Tin Group has denied that its backdoor listing program is associated with *st north.　　Yesterday, Wechning still said that the company only had backdoor intention, and did not determine the Shell object. Why not consider co-operating with the shareholders of the *st North students? Wechning said that previously the group had a general understanding of the situation of *st North. The Group is concerned that the relationship between the listed company and the big shareholder has been too messy.　　At the same time, *st has been the market has been a stir, the stock price turned high, from the backdoor cost point of view, the current stock price is not appropriate.　　Select Backdoor object must consider the cost and the reason for the Wah Tin Group to borrow Shell *st North Health, local people who know that this with *st north of the restructuring planning period has a great relationship. With the *st of October 31, 2009, the reorganization of the northern studentsThere is no clear progress.　　This makes the Administrators group members of the Government very anxious, and the current Guangxi in the most suitable restructuring party is Wah Tin Group, the North Sea and the local government are interested in promoting cooperation between the two sides. However, Wechning said that although the listing of the Wah Tin Group is part of the Guangxi government's nonferrous metal integration program, it does not mean that Hua Tin group will lose its autonomy in the process of borrowing the shell.　　Companies in the search for Shell objects, will still be from the size of equity and stock prices, the comprehensive consideration, to minimize backdoor costs.　　In fact, with the changes in the stock market and the impact of the financial crisis, China Tin Group now even choose to borrow shell listing, but also face a lot of disadvantages. Wechning that, under the impact of the financial crisis, the company's main products market prices down, the current price level does not reflect the value of the company's assets.　　The company hopes the product price can return to the normal level as soon as possible. At the same time, Wechning to reporters, whether the choice of the shell listing will be submitted to the Company's shareholders meeting to consider. The final plan for the company to go public will not be finished until the end of this year.