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Chinese Clothing Longchuan Gold Mine Reorganization Or To Restart

2011/9/27 9:20:00 32

Restructuring Of China'S Clothing Longchuan Gold Mine

China apparel Securities Department staff said many

Investment

People are asking whether the chairman's replacement is related to the reorganization, but the main reason is that the major shareholder Heng Tian Group, in order to straighten out the governance structure, is the two tier company of China's clothing group and listed companies.

Less than 1 months after the resignation of Liang Yong, the former chairman of the board, Qiao Yu, the new chairman, came to China.

Because the latter had a resume of asset restructuring, plus 3 months of non restructuring commitments.

term

Gradually, the market is expected to rekindle the restructuring of Chinese clothing.

In July 6th, the Chinese clothing announcement said that the Longchuan gold mine decided to suspend the reorganization because the relevant communication and demonstration work could not be completed within the prescribed time.

At the same time, the company will not plan to restructure at least 3 months.

It has been revealed that Longchuan gold mine was originally intended to replace more than 70 tons of gold in Guangxi and Shandong. However, due to the heavy workload, it was impossible to confirm the amount of resources in the planned period of July 29th.

Statistics show that the mining right area of Longchuan gold mine is 1.2649 square kilometers, and the prospecting right area is 100.95 square kilometers.

Statistics show that the new chairman Joe Yu served as deputy head of China Civil Aviation Information Group reorganization and overall listing working group and deputy general manager of China Garment Group.

The China Civil Aviation Information Group is the largest shareholder of Hong Kong listed companies China Airlines (00696, HK), holding 29.29% stake.

According to people familiar with the matter, Qiao Yu's resume is undoubtedly icing on the cake, but the focus of Chinese clothing is not on the restructuring. It is just because there is a good opportunity for both sides to talk about the future. In the future, the listed companies will still focus on the development of clothing business.

The latest progress I learned from the Longchuan gold mine is that the mine is in full exploration. It is uncertain when the final ore output will be determined by weather uncertainty and power failure.

Market analysis, China

clothing

There has never been a lack of restructuring rumors, including new bio agriculture, asset replacement and group asset injection. It is not possible to restructure in the next 5 to 1 years.

However, since February this year, Chinese clothing has been repeatedly reduced by two shareholders, Shenzhen West Spring Pan East Investment Co., Ltd.

In May, Xi Quan company again reduced 5% of the company's shares.

After the reduction, the company currently holds only 5.05% of the company's shares, all of which are tradable shares with unlimited sale conditions.