Youngor Investment again 206 million participate in Hing Rong investment additional

NetEase Finance April 19 News of Youngor Today evening announcement, the company intends to invest 206 million yuan, to 17.20 yuan/share price subscription hing Rong Investment in private shares of 12 million shares, Jianchengong investment in private shares after the total capital of 2.08%. The announcement shows that the company and Xing Rong Investment signed the "Chengdu Xing Rong Investment Co., Ltd. Non-public offering shares subscription contract", investment of 206 million yuan, the price of 17.20 yuan/share subscription Hing Yung Investment in private shares of 12 million shares, and pledged to the completion of the subscription within 12 months shall not transfer.　　Xing Rong investment in private shares after the total equity of 576,785,850 Yuan, the company accounted for 2.08% of this investment does not constitute a related transaction.　　According to Hing Yung Investment fund-raising program, the proposed private 114 million shares, the price is determined to 17.20 yuan/share, the 1.9 billion yuan will be collected for the acquisition of 100% of tap water in Chengdu. It is noteworthy that Youngor's involvement in the investment of Hing Yung does not seem surprising, as Youngor has recently made a number of foreign investments. According to the report published before, 2010 company participated in the Shanghai automobile, Zoomlion, Air China, Xugong machinery, such as more than 13 of the company's directional additional, carrying on the show as floating surplus. Initial calculation, the company's 2010 investment costs amounted to about 4.4 billion yuan, of which a single investment of more than 1 billion yuan for Shanghai automobile and Xugong machinery, in 1.2 billion yuan. Book Investment income is 43%.　　The company's financial investment plate performance is very eye-catching, reporting period, the company actively participate in directional and PE investment, the total realization of investment income of up to 2.06 billion yuan, especially the disposal of financial assets for sale to achieve income of 1.865 billion yuan, accounting for the profits of the considerable component.　　Wanguo released the latest stock research report, according to Youngor's annual report data calculations, the company's value is undervalued, the reasonable price range of 15.7-19.3 yuan, maintain overweight rating. Youngor 19th closed to 12.26 yuan. Responsible Editor: NF058