Packaging And Sale Of Textile Assets &Nbsp; ST Will Focus On Stem Cell Main Business.
In order to concentrate on
Stem cell main business
In ST, the source will package the textile assets held.
The company announced today that it will hold 64.45% stake in Hubei Chunhua textile company, 51% stake in Shanghai Chunhua import and export trading company and 7 million 961 thousand and 200 yuan historical debt of the company's hope for Chunhua textile company, which will be packaged and pferred to Jiangyin hope spring flower company, and the pfer price is 14 million 800 thousand yuan.
The company said that although the pfer would bring a certain loss, it could completely get rid of the drag on the performance of the textile business for a long time.
It is understood that Hubei Wang Chun Hua textile company main business.
Cotton yarn production
And sales, ST accounted for 64.45% of its equity.
The company said the company was a veteran of the local bankruptcy.
Textile enterprises
The joint venture of the general textile mill has been operating deficit for four consecutive years since 2006, with a total loss of 21 million yuan.
Audited, the company's shareholders' equity amounted to 25 million 461 thousand and 400 yuan, and the shareholders' equity after the assessment was 18 million 415 thousand and 500 yuan, and the paction price of the paction was 7 million 800 thousand yuan.
In addition, the corresponding value of the 51% stake of the import and export company is 7 million 147 thousand and 600 yuan, and the price is 3 million yuan.
However, the company claims 7 million 961 thousand and 200 yuan for Hubei's spring flowers, and the price is 4 million yuan.
The company said that although the price of the paction had a certain discount, it would bring about a loss of about 9 million 200 thousand yuan for the company in 2010, but it would help to further highlight the main stem cell business of the company, which completely stripped the traditional textile's long-term drag on the company's business performance.
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