Hubei Xinyang Feng Fat Industry Backdoor Chinese Clothing Approved

Cancellation of 300 million yuan matching financing

Chinese clothing announced last night, yesterday received SFC Approved by the former permitted company, the former permitted company has issued a major asset restructuring and issued 290 million shares to Hubei ocean Feng Limited by Share Ltd, and issued 53 million 479 thousand shares to 45 natural persons, such as Yang Caixue, to purchase related assets.

The assets to be injected are Xinyang Feng fertilizer industry 100%, the estimated value of the assets is 2 billion 578 million yuan, and the assets are estimated to be all assets and liabilities of Chinese clothing. The net value is 320 million yuan, and the difference is about 2 billion 200 million yuan. This part of the difference, Chinese clothing will be issued to Xinyang Feng fertilizer all shareholders 344 million shares, the price of 6.57 yuan / share.

The 300 million yuan matching financing was cancelled from the new regulation of the SFC, that is, backdoor listing should not be used to raise the matching funds on the basis of supplementary liquidity. The company said it would not have any impact on the restructuring.

Mining assets will be injected

Before the new Yang Feng fat industry, Hubei has already had 2 listed companies of phosphorous chemical industry such as Xingfa group and Hubei Yihua. In addition, IPO's Fubin technology is also engaged in phosphorus chemical industry, and the company has already met.

Why Xin Yang Feng fat industry is not like Fubang technology sprint IPO? Gong Shihu, the company's chief executive, is mainly because IPO has been stagnant for a long time since last year, and the company just took the road through the intermediary.

It is worth noting that the market questioned Yang Feng shares too much careful calculation, will not be injected into its new Yang Feng mining industry. Listed company 。 The view is that, if we restructure the "one-step" injection into the fertilizer industry and upstream phosphate rock assets, we can avoid related transactions and enhance the ability of continuous operation, which is actually the most pragmatic and efficient choice.

In yesterday's announcement, the company said that the main mining assets of Xinyang Feng mining industry were prospecting rights, and most of them were in the prospecting stage. In the future, Xinyang Fung mining company's assets will form a continuous and stable production capacity.

Share prices have soared more than 40%.

Before the announcement, Chinese clothing Stock prices have been reacted in advance in the two tier market. Yesterday's turnover was less than 100 million yuan per day since December, and suddenly increased to 207 million yuan. It also boarded the list of the list of the Dragon traders' list of the Shenzhen Stock Exchange, with the largest purchase amount of five, and three as the institution. Compared to the 7.22 yuan / share before the company's plan was released, the company's closing price yesterday has risen to 10.25 yuan / share, or more than 40%.

Announcements show that from 2010 to 2012, Xinyang Feng fat realized net profit of 383 million yuan, 480 million yuan and 359 million yuan respectively, while net profit in the first half of this year was 260 million yuan. The company also predicts that the Xinyang Feng fertilizer industry will achieve net profit of 420 million yuan this year, and the profit next year will be 448 million yuan.