Monday, January 10, 2011

Hang the restructuring plan was released ST will be 880 million auto parts assets of Note

 Suspended for nearly 8 months Liaoyuandeheng Corporation asset restructuring program announced last night - as the bankruptcy trustee had the commitment, * ST have issued shares will be purchased Heng 4 stake in the company, the reorganization is completed, the main business will become auto parts development, production and sales.

Specifically, * ST may buy assets of Hang: 75% of the equity shares are win, win, Changchun were 100% equity stake and 82.3% plastic Ward Ben Ward 100% equity sources. The assessed value of 879 million yuan of assets, value-added rate of 145.47 percent. * ST Hang will be 4 yuan / share to the holders of these assets are in Ningbo Sheng Group, Advanced Technology and natural Luo Jianqiang issued approximately 2.2 million shares.

years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main funding is plotting a new layout
the last trading day before the suspension, * ST have received Hang at 9.23 yuan.

financial performance are winning the Group commitment to Henry shares may be purchased assets in the August 2010 -12 January, 2011 and 2012 net profit attributable to equity holders of not less than 4844.74 each million, 144 million and 168 million.

all the previous wins was held by the Group * ST Heng part of the shares in the reorganization is completed, all wins the Group and its concert will be held * ST Hang about 2.6 billion shares stock, accounting for post-release 64.19% of total share capital, the actual controller for the company.

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