Xin Mao Technology Premium 50% selling Dandong Chrysanthemum

Xin Mao Science and Technology (000836) issued a notice that the company intends to hold the Dandong Chrysanthemum (electrical) Group Co., Ltd. 77.77% of the shares in accordance with the end of the 2008 book Net assets evaluation value transfer to Tianjin Xin Mao Technology Investment Group Co.　　The sale of the assets will yield 14.1726 million yuan. Xin Mao Group to 32.6109 million yuan in cash and its holdings of Tianjin Tianda Days Long Technology Co., Ltd. 19% Equity evaluation of 25.9158 million yuan to pay the price.　　After the transfer is completed, Xin Mao Group will hold 77.77% of Dandong Chrysanthemum Company's equity, the company holds 19% of Dandong Chrysanthemum Company, holding the company's 19% stake in a long day. According to the asset evaluation, Xin Mao Group held a day long days of the company 19% equity value of 25.9158 million yuan. Tianda days long The company's net assets book value is 77.9416 million yuan, and the evaluation value of 136.3987 million yuan, value-added 58.4571 million yuan, value-added rate of 75%. and Dandong Chrysanthemum 77.77% Equity transfer total total of 58.5267 million yuan, the premium rate is 48.8%.　　Mainly is its land use right increment 127.23%.　　Dandong Chrysanthemum main business for the production of electronic products and sales, in recent years, the company's business scale shrinking year in, the profitability of a large decline, 2007, 2008 major business losses, the overall performance of listed companies have a greater negative impact. The transfer helps to reduce the impact of non-performing assets on listed companies, and is conducive to improving the quality of the company's assets; At the same time, the company 19% stake in the day long company is China Chemical group Hao Hua North Chemical Company Holding subsidiary, the company in the chemical separation of the technical level and the results enjoyed a high reputation　　At present, the company's operating situation is on the rise, and has completed joint-stock reform, the development prospects. The company said that the sale and acquisition of assets in accordance with the value of the underlying assets of the valuation of the price of the transfer, the sale of assets generated 14.1726 million yuan, will be the implementation of the transfer in the period of 2009 three quarterly results have a greater positive impact. (Xing Bai Ying)