Wuhan Plastics face the reorganization storm carefully "choose pro" to provoke controversy

Serious market controversy and concern of Wuhan plastics major assets reorganization because of the media pointed out: private shareholders involved in backbone investment, state-owned assets transfer price inconsistency, June 3 evening by the Wuhan Plastics issued clarification announcement, to the market to respond. Wang, a representative of Wuhan Plastics Securities Affairs, said to the securities daily that any questions from investors would be answered by a clarification notice issued by the company.　　For the company's major asset restructuring progress, there will be announcements in succession.　　Carefully "Choose the pro" to provoke market controversy has "gossip prince" of Wuhan Plastic, after several carefully selected after the "election pro" result is, the number of Chu days and Wuhan radio and television at the same time door. May 5, Wuhan Plastics submitted the "Wuhan Plastics major assets replacement and issuance of shares to buy assets plan", this plan has aroused great concern in the market. There are media on the contents of the plan on "Private capital investment trunk network is not in violation of national regulations?"　　"Ask questions. Wuhan Plastics Clarification Bulletin in response to this, said that the number of the main business in Hubei province digital cable digital TV transmission, service platform construction and operation, as well as platform-based value-added services and expansion services, not related to cable TV transmission backbone network operating industry and the " A number of decisions of the State Council on the entry of Non-public capital into cultural industries prohibit the establishment and operation of Non-public capital investments.　　Therefore, there is no such situation as the number of Chu days and the investment of its private shareholders in the field of radio and television backbone, which leads to the violation of the relevant provisions of the State Council decision on the entry of Non-public capital into cultural industry. At the same time, clarification of the announcement of the media suspected of "state-owned shares were discounted for sale", Wuhan plastic response, said The number of Chu days is in fact the total assets and liabilities of Wuhan Plastics (the report evaluation of the estimated 172 million) and 175 million cash acquisition of Wuhan by Open holding Wuhan plastic 40.32 million shares, equivalent to about 8.6 yuan per share; at the same time, 20th, the average price of the reorganization is 10.4 yuan/share,　　There is no situation where state-owned shares are sold at a discount. According to the media pointed out that the June 2008 Hubei Kang Tzu investment into the CHU days of the digital price is 50 million, but actually only obtained 30 million of the equity, equivalent to the price per share than the Chu-day network, the system and investment 66% higher. Why the same increase in capital shares, but the same share of the question of different prices.　　Wuhan Plastics Clarification Bulletin, said that the above increase in investment behavior is the outcome of business negotiations, in line with the provisions of the company law.　　Bumpy restructuring of the road in 1996, the listing of Wuhan Plastics, since the listing, all the way bumpy. By the hand of Wuhan Country, 2002, Wuhan has taken over as a major shareholder in Wuhan Plastic. Since then, because of the decline in the industry, the company has been in the profit and loss between the wandering. Wuhan Plastics has become a hot potato.　　Therefore, the introduction of new buyers, the company has become the only way to lift. Public data show that since the Wuhan plastic deep backdoor cold, the market has been more than two digits above the "gossip girlfriend": One of the provinces outside the company has a reputation in Zhejiang province, Hunan state investment, Hubei Province has Zhengyang information,Wuhan Shenlong, Dongfeng Hongtai, Hanzhengjie, Hankou North Wholesale First city, Wu Silicone, Wu Chong, Daye nonferrous and Hubei Cable and other e-enterprises. Since then, Wuhan Plastic hope in the Yangtze River Publishing Group and Wuhan heavy industry two Hubei province strong targets to get rid of and company dilemma.　　Only, the total assets of two companies in the billions of yuan, the reorganization of the small size of the Wuhan plastic, involving additional issues, such as the operation has a lot of inconvenience, had to give up.　　In March this year, Wuhan state-funded conference, the city decided to the long-term financing of idle "shell resources" reengineering, Wuhan Plastics ranked among them. Wuhan Plastics financial Statements show that the Wu-plastic group of 2009 years before the nine months of net profit of 6.9358 million yuan, growth rate of only 5.84%, and its 2008 net profit annual growth rate is even 64.67%.　　At present, the company shareholder Tin Ze Holding has 8% of its shares have been completely removed, the Wuhan plastic reorganization clears the barrier. According to the disclosure, Wuhan Plastic already has 177 million shares, the directional additional, Wuhan Plastic capital is expected to increase to 382 million shares. The company's suspension price is 11.81 yuan/share, the private fixed increase of assets price is about 10.4 yuan/share, equivalent to 90 percent before the suspension.　　If the additional success, the company will be loaded into 2.3 billion yuan Hubei province cable TV network assets. This is almost a turnover of salted fish restructuring. The existing main business of Wuhan Plastics is automobile plastic parts. Affected by industry fluctuations, the past three years the company's operating performance shocks serious. After deducting the non-recurrent profit and loss, 2008-year performance is a loss. 2009, the company revenue of 665 million yuan, only to achieve 4.548 million yuan of meager profit.　　At present, Wuhan Plastics business relies heavily on the Dragon motor and other major customers, operating risk is greater. According to the disclosure of Wuhan Plastics announcement Plan, after the reorganization and injection of assets, the net profit attributable to the owner of the parent company in 2009 is about 98.5724 million yuan.　　If the performance of the listed companies to simulate the 2009 earnings, listed companies 2009 analog earnings per share of 0.26 yuan, corresponding to the current PE is 45 times times, compared to Wuhan plastic 2009 actual earnings per share of 0.027 yuan has significantly increased. "A successful takeover would be a good thing. "Huatai United Securities, a local analyst told our correspondent, Wuhan Plastics has undergone a considerable period of restructuring process, the topic continues, now, clear the reorganization of the Chu days of the number, Wuhan radio and television. After the cable TV network operation, the scarcity subject has broad foreground. But investors need to be concerned about whether the two sides will eventually sign an agreement.