Xinda Investment Exit Xinda Chemical Fiber At Low Prices

　　 Guangdong, Kaiping, Guangdong XinDa chemical fibre The 30% equity interest of the company is transferred on the property market, and the transfer price is 82 million yuan, which is owned by XinDa Investment Company Limited.

It is reported that the registered capital of Guangdong XinDa Chemical Fiber Co., Ltd. is 584 million 70 thousand yuan. The company's business scope includes: production, processing, Sale Polymer chemical fiber, polyester chips, nylon products, polyester products, etc., Guangzhou Honghui Investment Co., Ltd. holds the remaining 70% stake, but Honghui investment has already given up the exercise of preemption for the transfer.

The transfer notice indicates that the main business of Guangdong XinDa Chemical Fiber Co., Ltd. is ultra high molecular weight. Polyethylene fiber Production and sales belong to the new material industry. After two years of research and development, XinDa chemical fiber has basically achieved large-scale production, and has developed into a professional manufacturer of ultra-high molecular weight polyethylene fiber. Its design and production capacity is ranked fourth in China, followed by Ningbo Dacheng, Hunan Zhongtai and Shanghai SRI.

It is understood that UHMWPE fibers are mainly used for making bulletproof vests, parachutes, strong ropes, advanced packaging materials, etc., and are also used to make composite materials with lower temperature.

According to the assessment, in May 31, 2010, the total assets of XinDa chemical fiber were 468 million 404 thousand and 600 yuan and net assets 273 million 305 thousand and 300 yuan. Audited, XinDa chemical fiber last year main business income 45 million 281 thousand and 500 yuan, total profit 2 million 313 thousand yuan, net profit 2 million 87 thousand and 400 yuan.

It is worth reminding that the audit data of the target enterprises show that the total assets of the company are 787 million 571 thousand and 600 yuan and the net assets are 589 million 242 thousand and 400 yuan. The listing party has not disclosed the reasons for the large gap between the number of internal audit and the assessment price.