Central Enterprises, China Energy Conservation And Environmental Protection Group Co., Ltd.

Following the acquisition of 29% stake in Haidong in HK $815 million in April, the central energy conservation and environmental protection group of China (hereinafter referred to as "China energy conservation group") throws HK $2 billion 900 million to acquire 29% stake in Hong Kong stock.

A series of acquisitions show that the China energy conservation group is right.

Chemical fiber enterprises are quite interested.

In the evening of July 15th, the Hongkong industrial and commercial bank announced at the Hong Kong stock exchange that, with the announcement of the controlling shareholder's imperial power and Yun Ying investment, the imperial power and Yun Ying investment have signed an agreement with the guarantor and investors, agreeing to sell the 666 million 710 thousand shares of Honghong industrial group (29% of the total capital stock) at the price of HK $4.39 / share to the Chongqing energy saving wholly-owned subsidiary of China energy conservation group, with a paction price of HK $2 billion 900 million.

4.39 the Hong Kong dollar / share purchase price is 4.28% higher than the closing market price of the last trading day.

The announcement shows that before the paction, the imperial power and Yun Ying investment respectively held 37.5% of Honghong Industrial Holdings, and tied for controlling shareholders.

Among them, the imperial power is the 100% of Shi Tianyou, co-founder, executive director and chairman of the board of directors of Honghong, and is invested by another founder and executive director, Wu Jinbiao.

After the completion of the paction, the imperial power and Yun Ying investment will hold 28% and 18% shares of the Honghong industry respectively. Chongqing will become the largest shareholder of Honghong industry in terms of energy conservation.

China energy conservation group said that 6 directors will be appointed to the board of directors, one of which will be co chair.

Bai Hong, a fortune maker in Quanzhou, Fujian, mainly produces and sells polyester filament fabrics with "cotton substitute".

Data show that in the Southern China area, which occupies about 35% of the national garment market, the industry has 37.5% of the market.

In May 2011, the Hong Kong Stock Exchange landed HK $5.18 HK $2 billion 861 million.

Prior to that, the company has introduced three investors with the background of Quang Shang. They are Xu Lianjie, vice president and chief executive officer of Heng An International Group Co., Ltd., Mr. Ding Wu, President and executive director of 361 degree International Co., Ltd., chairman and executive director of Haidong Qing. The amount of subscription is HK $78 million, HK $100 million and HK $78 million respectively.

The 2011 Annual report shows that the average unit price of the product increased by 34.9% compared with 2010, reaching 15324 yuan per ton, and the income of 100 Hong industries rose 40.5% to 6 billion 54 million yuan over the same period.

It increased by 7.3 percentage points to 21.9%; net profit amounted to 904 million yuan, up 102.6% over the same period last year.

In the performance report, the company also said that the new polyester film business, which invested 1 billion 937 million yuan, was put into operation in May this year, and the initial capacity is about 36 thousand and 500 tons per year. The total capacity is expected to reach 255 thousand tons per year by 2014.

Since November last year, the construction of the new plant has been gradually put into operation. It is estimated that by the end of next year, the design capacity of the draft wire and pre oriented yarn will increase to about 785 thousand tons per year, and the design capacity of the stretch textured yarn will increase to about 493 thousand tons per year.

At present, the industry has not yet released its first half performance in 2012.

Haidong, which was previously purchased by China energy conservation group, is also from Fujian. The aforementioned cooperation information shows that there is no stranger between Haidong and Bai Hong industries.

Haidong is the first non-woven material enterprise listed in Hong Kong in the mainland. It mainly uses recycled petroleum products to extract wastes and natural cellulose wastes to realize the recycling of resources. Its products are mainly used instead of non renewable products, and it is the 10 competitive enterprise in China's industrial textiles industry.

China energy conservation group is the only central enterprise whose main business is energy saving, emission reduction, environmental protection, new energy and clean technology. It plans to achieve assets of 100 billion yuan in 2012.

50 billion yuan, and now owns A shares listed companies such as Qi Yuan equipment (300140) and Yantai Wan run (002643).