Yangtze River Publishing Media Group Reorganization St Source awarded

Fang in the central government to reform the cultural system and expand the cultural industry, Hubei Changjiang Publishing Media Group Co., Ltd. (hereinafter referred to as "the Yangtze River Publishing") restructured St Source (600757.SH) was approved by the China Securities Regulatory Commission. The first financial daily was briefed on the news yesterday from the Changjiang Publishing Media group.　　According to the St source issued March 15 this year's restructuring program, the St source issued to the Yangtze River Publishing media Group 5.2 per share of the 487 million shares, for the purchase of the Yangtze River Publishing Media group, including publishing, distribution, printing, printing supplies and other publications of the media such as the main business assets and subordinate enterprises equity. The proposed assets include the relevant net assets of the Changjiang Publishing Media Group and its 15 wholly owned subsidiaries, 100% of which are valued at 2.535 billion yuan.　　The above assets 2010 years operating income is 2.301 billion yuan, belongs to the listed company net profit is 233 million yuan, the 2011 net profit is expected to reach 257 million yuan, the year-on-year growth 10%.　　Analysts believe that the Yangtze River Media Publishing Media main business to achieve the overall listing, not only marks the largest cultural industry group in Hubei officially landed capital market, but also foreshadowed the once-stalled cultural industry listing tide may restart the floodgates.　　The Chinese Securities Regulatory Commission party secretary, Shang Fulin, said 19th this month that to support qualified cultural enterprises to issue a listing, to encourage cultural listed companies to undertake mergers and acquisitions, and steadily expand the cultural enterprise bond market financing level. Yesterday evening, St Source issued a notice, by the CSRC Audit, Shanghai Huayuan Enterprise Development Co., Ltd. issued shares to purchase assets and related transactions of the application to obtain conditional approval, the company shares on October 21. Share to: