Yi Coal Group Backdoor Xin Network Video today a flop 4.8%

NetEase Financial October 18 News notice said October 15, the China Securities Regulatory Commission listed companies in the merger and reorganization of the Audit Committee held the 31st in 2010, the meeting reviewed the company's major assets to sell and issue shares to purchase assets and related transaction matters,　　The company's major asset sale and issue of shares to purchase assets and related transactions are subject to the conditions of approval. According to the reorganization plan, Xin Network video is intended to sell all assets and liabilities other than cash, while issuing shares to the coal group to buy its coal assets.　　The acquisition of assets contains 11 coal production base, as of the end of 2009, the total production capacity of about 17 million tons, the amount of recoverable resources reserves more than 500 million tons. Xin Network Video This morning, the opening of the trading limit, the plate in the concussion intensified, closing, Xin Network video fell 5.75%, the whole day deal 298 million yuan, turnover significantly enlarged.