Yanzhou coal industry 6.6 billion pry move 16.9 billion yuan coal resources

Yanzhou Coal, September 7, said September 6 signed the agreement on the transfer of shares, decided to purchase 6.649 billion yuan in Inner Mongolia Hao Sheng Coal Industry Co., Ltd. (hereinafter referred to Hao Sheng coal) 51% stake, is expected to add 838.4 million tons of coal resources.　　Oddly, it is estimated that Hao Sheng Coal industry assessment value of up to 16.9 billion yuan, Yanzhou coal industry only spent 6.6 billion yuan. More peculiar is, Hao Sheng Coal industry Transfer Party "has not yet obtained prospecting rights", changed hands to obtain huge profits.　　The rich feast, not only the high Xuefeng and the people of the Shendong group of the company, Shanghai's big state-owned enterprises-Shanghai Huayi Group (hereinafter referred to as Shanghai Huayi) also participated in the "Black Gold" business. Shanghai Huayi 2 billion sell shares "you see Hao Sheng coal industry, the original 4 shareholders, who can do coal mining?"　　"Qilu Securities, a coal industry analyst who declined to be named, said.　　The information disclosed by Shanghai United Property Exchange shows that Hao Sheng coal industry is by Eerduosi Jin Cheng Tai Chemical Co., Ltd. (hereinafter referred to Jin Cheng Tai), Shanghai Huayi and Eerduosi Long Thai coal Industry Limited Liability company (hereinafter referred to as Khutai) for the joint development of Eerduosi Ishima and established. July 2010, Khutai will be held by the Hao Sheng Coal industry 20.34% of the equity transfer to Shandong Long Thai Chemical Technology Co., Ltd. (hereinafter referred to as Long Thai chemical).　　Industrial and commercial registration shows that Hao Sheng coal industry is now a total of 4 shareholders, the first major shareholder-Jin Cheng Thai shareholding hao Sheng Coal 45.25%, Shanghai Huayi shareholding 30.41%, long Thai chemical Holdings 20.34%, Giute full to hold Hao Sheng coal industry, the remaining 4% equity. As of July 31, Hao Sheng Coal industry has no operating income, net profit is about 234,300 yuan, the net assets of about 49.8257 million yuan.　　Appraised by Shanghai Financial Assets Appraisal Co., Ltd, the value of the net assets of Hao Sheng coal industry is about 49.8074 million yuan.　　But Hao Sheng coal industry has "black gold" let its value from 50 million yuan soared to 16.9 billion yuan. Shanghai United Property Exchange, "Hao Sheng Coal stock transfer of important information disclosure" shows that Ishima is located in the Inner Mongolia Autonomous Region, called the special Mining area, "Ishima initial proven coal resources reserves of 2.144 billion tons." Shanghai Huayi has the allocation of coal resources of 500 million tons, Khutai to obtain the allocation of coal resources of 400 million tons, Jincheng received the allocation of coal resources of 744 million tons, total 1.644 billion tons, there are still 500 million tons of coal resources are not configured.　　"The disclosure information stated above. Shanghai Huayi said, commissioned Qingdao Heng Yuan Tak Mining Rights Assessment Consulting Co., Ltd. to Ishima Coal detailed investigation of the value of prospecting rights issued a consultation report.　　After the evaluation of consultation, the coal mine mining prospecting right consultation value of 16.96 billion yuan (equivalent to RMB 7.90 yuan/ton).　　Shanghai Huayi September 3 began to be listed on the Shanghai United Property Exchange 2,022,550,000 yuan to transfer its holdings of Hao Sheng Coal 15.51% equity. "Their early involvement in thisMine, but including Shanghai Huayi, is not the late mining funds and strength. "Qilu Coal industry analyst September 7 to the daily economic news," the reporter pointed out, "at this time, Yanzhou mining is not the same, it is coal companies, in this respect there is money and technology and talent."　　Yanzhou Coal industry Holding Hao-sheng Yanzhou coal Industry September 7 issued a notice that will participate in the bid for Shanghai Huayi threw the Hao Sheng Coal shares transfer, and proposed to 3.009 billion yuan and 1.618 billion yuan agreement by the Jin Cheng Taihe Giute Chemical Industry holding Hao Sheng coal another 23.08% and 12.41% equity.　　Yanzhou coal industry said that it has signed with the parties on September 6, 2010, the Agreement on the transfer of shares, such as the success of the Shanghai Huayi listed auction of Hao Sheng Coal 15.51% stake, Yanzhou Coal should be to the transfer of a total of 6.649 billion yuan equity transfer, so that the Hao Sheng coal industry, 51% of the equity. Changjiang Securities in yesterday's report pointed out that Hao Sheng coal industry, the actual control resources 838.4 million tons, that is 7.9 yuan/ton, ton capacity price of 1304 yuan.　　Because of the good quality of power coal, the average calorific value reached about 7000 kcal, the purchase price is basically reasonable. "Considering that Ishima is an assembled coalfield to be developed, we understand that the resource conditions and geological conditions are relatively good, so we think the acquisition price is not high."　　"Qilu Securities pointed out in the research report.　　According to Shanghai Huayi disclosed that the Ishima coal resource reserves have not been recorded by the Ministry of Land and Resources, and has not yet obtained the right to prospecting. "Yanzhou coal industry, the local government and the State Department of Support will be greater, this is also good for Hao Sheng coal industry."　　"Qilu Securities said coal industry analysts pointed out.　　The parties profit into a winning situation "daily economic news" reporter noted that Shanghai Huayi has made the matter with Shanghai Huayi Group Investment Co., Ltd. concrete operation.　　According to the agreement on Equity transfer signed September 6 with Yanzhou Coal, Shanghai Huayi has set a clear threshold to ensure that Yanzhou coal receives this "black gold". Shanghai Huayi listed in the public listing of the 6 major hard indicators: the intention of the assignee is mainly engaged in coal mining, operating business for more than 10 years, the last three years audited average annual net profit of more than 3 billion yuan; At the same time, audited December 31, 2009 net assets of more than 25 billion yuan　　The intention of the assignee in the qualification examination shall provide a third party's joint and several liability guarantee letter, the third party net assets is not less than 5 billion yuan, the last three years average net profit is not less than 1.5 billion yuan; at least 3 consecutive years in the mine construction and coal production field has not occurred personal death accident.　　To prevent the possibility of the "lock-in", the transfer agreement is also clear, if for any reason Huayi group can not transfer to Yanzhou Coal industry 15.51% of the stake, then by the other transfer to the holding of Hao Sheng coal industry to make up, to ensure Yanzhou coal industry to Hao Sheng Coal industry shareholding at least 51%. "Shanghai Huayi Transfer of these 15% shares can be directly set out to2 billion yuan, and retained about 15% of the equity. Shanghai Huayi in the future can do easy investors, Penny can be.　　The coal analyst said. "Such a big mine, Yanzhou Coal is such a big coal enterprise, it must be to guarantee the controlling power, and 6.6 billion yuan price, for Yanzhou coal industry is also relatively cheap."　　said the person.　　Jin Cheng Tai's actual control artificially high Xuefeng, Jin Cheng Thai benefit is not only 3.009 billion yuan, the transfer of equity, it still holds Hao Sheng coal industry 22.17% Equity. According to Yanzhou coal industry disclosed that long Thai chemical behind is the Shendong Tianlong Group Limited liability company. Public information display, Shendong Tianlong Group Co., Ltd. is in the original Shenhua East a variety of operating companies on the basis of the restructuring of the non-state-owned joint-stock enterprises in May 2004, allegedly to the end of 2008, its coal production and marketing capacity of 15 million tons/year.