Yili energy 450 million stripping low quality assets

Yili Energy (600277) announcement, May 24, the company and the controlling shareholder billion Li Resources Group Co., Ltd. signed the agreement on the transfer of assets, to sell it held in Inner Mongolia Hangjinqi rich billion Chemical Co., limited liability company 65% of the equity, Yili Energy rich Water Chemical branch all the net assets and the company enjoyed all the debt of rich water chemicals.　　The transaction price of the target asset totals about 450 million yuan. According to the announcement, the above transaction price includes the net assets confirmed after the water-rich chemical assessment, 134 million yuan, the company enjoys the rich water chemical all creditor's rights 533 million yuan; the company holds rich billion chemical 65%　　The estimated net assets of 1.609 million yuan corresponding to the equity, and the total profit and loss achieved by the company's target assets from the assessment base date to the settlement date, and the target company's new debt to the company is about 50 million yuan. 2009 billion chemical industry to achieve operating income of 1.1066 million yuan, net profit-54800 yuan.　　Before the evaluation, the total amount of billion chemical assets was 6.642 million yuan, the value of 5.7955 million yuan, the value of 12.74%, the net assets of 3.3219 million yuan, the value of 2.4754 million yuan, the value reduction rate of 25.48%. Rich Water Chemical 2009 to achieve operating income of 108.3572 million yuan, net profit-17.8205 million yuan.　　Before the evaluation, the carrying amount of the chemical assets was 435.4929 million yuan, the value of 44,069 960,000 yuan, the value added rate 1.2%, net assets-142.0343 million yuan, the value of the evaluation-134.144 million yuan. The company said that after the completion of the transaction, some of the asset quality is not high, continuous profit space is not small assets stripped away from the company, is conducive to enhance the overall operating performance of the company, at the same time, the company will gradually from trisodium, sodium sulfate and other scientific and technological content and low value-added, environmental　　In favor of the company to focus on big and strong already formed "coal-gangue power generation-calcium carbide-ion membrane caustic soda-polyvinyl chloride (PVC)-Industrial waste residue comprehensive utilization of production of cement," the energy and chemical Industry integrated circular economy industrial chain. 2008, the company has 11.20 yuan/share price to the billion-Li resources group-oriented distribution of 427.49 million shares, the purchase of its own energy and chemical cycle economic integration projects related equity assets.