Tianshan Textile Pformation Enterprise?
In June 17, 2010, Tianshan textile company convened the Fifth Board of directors, and deliberated and adopted the motion on the issue of shares and related pactions (Draft) of the company's issue of shares.
The company intends to buy Xinjiang Katie mining investment Limited by Share Ltd, Qinghai snow Technology Co., Ltd., held by Xinjiang Xi Tuo Mining Co., Ltd. 75% stake.
At present, the audit and assets related to this major asset purchase.
Assessment
Such work has been completed.
Commentary: the operation of Tianshan textile in the past 3 years
profit
The decline is relatively large. In 2009, the company's earnings per share were -0.13 yuan. Generally speaking, Tianshan textile has been lack of sustainable development capability, and there is a risk of delisting in the future.
The company's stock began trading on July 23, 2009.
The the Xinjiang Uygur Autonomous Region people's government decided to pfer the 35.73% stake of Tianshan textile to Katie's investment through administrative pfer, in order to ensure that the key enterprises in the autonomous region do not withdraw from the market and no loss of state rights and interests, and put Katie's investment in high-quality and efficient assets into listed companies, improving the quality of listed companies and improving the profitability of listed companies.
Katie investment is expected to adjust the main business of Listed Companies in the next 12 months, and is expected to increase "
Mineral products
The development, production and sale of resources.
In June 17th this year, Tianshan textile announced a major restructuring plan. The company intends to invest 5.66 yuan in the price of Katie mining to invest 123 million shares in the Limited by Share Ltd and Qinghai snow Technology Co., Ltd. to purchase 75% stake in Xinjiang Xi Tuo Mining Co., Ltd., thus, after the acquisition of Tianshan textile control rights by Xinjiang Xinjiang Investment Co., Ltd., the Tianshan textile pformation enterprise has been formally established, and the company's stock has resumed trading since June 18, 2010.
The pformation of Tianshan textile industry highlights the plight of textile enterprises. At present, more than half of the textile listed companies are involved in real estate and new energy industries. This improves the profitability of textile enterprises and makes textile enterprises face greater risks.
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