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Tianshan Textile Restructuring New Plan Lightning Released &Nbsp; Stock Price Jump To Limit

2011/6/8 10:57:00 33

Tianshan Textile Restructuring Price Limit

Affected by the restructuring of the new program, Tianshan textile (000813) opened early on Tuesday and was sealed on the daily trading board, with less than 0.6% turnover throughout the day.

The company is the first batch of Chinese joint venture law promulgated after the promulgation.

Spin

The first Sino foreign joint venture in the industry has introduced all the advanced technology and equipment from Japan, Germany and Italy to the research and breeding of fine varieties of sheep and goats.

Sale

And after-sales service complete industrial chain, products sold to Hongkong, the United States, Canada and other dozen countries and regions.

Over the years, the company has been leading the industry in the Northwest market, with a domestic market share of 6%.

In June 2010, it announced a major asset restructuring plan: to invest 123 million shares in Xinjiang's Katie mining investment Limited by Share Ltd and Qinghai snow science and Technology Co., Ltd., and buy 75% stake in Xinjiang Xi Tuo Mining Co., Ltd.

After the completion of the paction, the main business of the company will increase the development, production and sales of non-ferrous metal mineral resources, and pform from a single wool textile industry to a diversified one.

However, in March 30th this year, the major asset

Recombination

The application was rejected by the SFC's merger and reorganization Commission.

After the original plan was rejected by the SFC 2 months later, Tianshan textile started to restart the major asset reorganization. The company issued a takeover report in June 3rd. The company intends to readjust its asset restructuring plan and continue to acquire Xinjiang West Mining Co., Ltd. 75%.

According to the new scheme, the target price of Tianshan textiles has not changed, but the valuation of the underlying assets has been fine-tuning.

According to the new plan, the company intends to issue 74 million 28 thousand and 300 shares and 37 million 14 thousand and 100 shares to Katie mining and Qinghai snow respectively, to acquire 50% and 25% of the shares of Xi Tuo mining, and the valuation of the acquired assets has changed to 628 million 500 thousand yuan.

The final paction price of the acquired assets is 628 million 500 thousand yuan. According to the adjusted profit compensation agreement, the profit of the 75% shares of Xi Tuo mining corresponding to the listed companies in 2012, 2013 and 2014 ranked 38 million 326 thousand and 700 yuan, 63 million 545 thousand yuan and 65 million 355 thousand yuan respectively.

If the actual amount of profit can not be predicted, the difference will be compensated by shares of Katie mining and Qinghai snow.

After the completion of this issue, Katie mining and Qinghai Xue Chi respectively hold 15.6% and 7.8% stake in Tianshan textile.

Two the company also promised that the lock up period of the new shares will be longer than those of two months from the date of listing or from the date of listing to the time of final profit compensation.

On Tuesday, the stock was closed on the trading board, and less than 0.6% of the day's turnover was made. The new scheme has stimulated the stock price significantly, and the share price has rapidly recovered to the top of the medium and short-term average, and the short term is expected to continue to rise.