Reasons For YOUNGOR'S "Hand In Hand" Unionpay Stake In 8 Months

< p > June 13th, when a href= "http://www.91se91.com/news/xieye/20140613/389714.html" > Holdings "/a" and "UnionPay" business 4.04% of the shares, less than 8 months to sell 3.988%, YOUNGOR (600177.SH) this quick "hand in hand" action attracted the market in an uproar.

The secretaries of the company told the great wisdom News Agency (WeChat: DZH_news) that they had not received dividends for many years in holding UnionPay business, and sold < /p > according to the current market conditions.

"P" analysts say that the company or other investment demand, UnionPay business is only a part of the company's many investment, the proportion is very low, and the impact is not much.

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< p > the share price of the company fell flat on Friday, opening slightly down, up to 13:21, up 0.77%, and quoted 6.57 yuan / share.

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< p > < strong > * high quality assets are sold * * /strong > < /p >

< p > YOUNGOR announced the 341 million yuan plus union business in October last year. The company's stock opened on that day and it was sealed up. The share pfer procedures have not yet been completed, and the company will pfer almost shares of shares.

The company's secretaries said that the price of the previous pferee should be approved and awaiting administrative permission.

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< p > the market is generally optimistic about the investment prospect of UnionPay business.

UnionPay business as the absolute leader of the third party payment field, the market share is growing, and there is a possibility of listing in the future.

In 2013, UnionPay business achieved a net profit of 371 million yuan, a net profit of 176 million yuan in the first quarter of this year, and its profitability was very good.

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< p > for many investors do not understand why this a href= "http://www.91se91.com/news/fushi/20140613/389715.html" > part /a > quality assets should be sold.

Some investors even suspect that the company is planning to go public, optimizing the ownership structure and forcing the company to pfer shares.

This is denied by the YOUNGOR secretaries office. It is said that UnionPay business is indeed a high-quality asset, but now it is also facing stronger market competition. The company has not been awarded dividends for so many years, so it has chosen to reinvigorate part of it and retain part of it.

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< p > if the total cost of the 8.97% stake in the union business is 701 million yuan before the pfer, the proceeds from the 341 million yuan pfer to 3.988% shares will be about 29 million 340 thousand and 200 yuan and tax deductible.

Many investors are crying out for money.

The above secretaries said that the pfer benefits have not yet been accounted for, but the pfer price is not low. It is calculated at the market price, slightly higher than the initial purchase price, almost the same as last year's raise price.

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< p > < strong > * * in the future, the industry and strategic investment will continue to be dominated by * * /strong < /p >

< p > on speculation that the market has other investment arrangements for the company, the secretaries of the company do not have a clear idea. They merely indicate that they will continue to focus on industry and strategic investment and see market opportunities.

Some analysts pointed out that when the company increased its UnionPay business, the market hyped the concept of Internet finance, causing the company's share price to go up.

The company used to invest more in the two tier market. Now we should change the investment strategy and value the steady investment returns. The companies with continuous dividends may hold longer time.

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< p > the company's secretaries general told the great wisdom communication that in investment, it will maintain the established scale and there will not be more extra funds to invest in the investment business. If some investment projects are contracted or investment profits are made, the existing capital will be reinvested.

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< p > last year, YOUNGOR increased its holdings in addition to its first initiative, and all other stocks were reduced.

The two level market risk of stock is large. The 000568.SZ sold by the company last year, 361 million yuan, sold 3 million 940 thousand shares and lost 33 million 560 thousand. It also held 8 million 892 thousand and 700 shares.

The company will not expand the two level market investment this year.

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< p > analysts expect that the profit of the company's investment sector will obviously be better than that of last year.

At the end of the first quarter, the market value of YOUNGOR's available financial assets was 3 billion 691 million yuan, with a floating profit of 254 million yuan.

The company has made structural adjustments to the available financial assets, increased strategic investment in Ningbo banks, and began to change the accounting method of Ningbo bank this year, which can bring more stable investment returns to the company.

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< p > YOUNGOR's current business is divided into investment, real estate and clothing.

In the case of the general sale of men's clothing enterprises in the market, the performance of YOUNGOR was not bad. The vice chairman of the company Li Rugang told the great wisdom news agency that the company's clothing business could achieve an increase of 10% over the same period.

The real estate sector is the company's main source of profits.

Last year, the company's real estate business confirmed that revenue increased by more than 9 over the same period last year, but the net profit increased by 15.57% compared with the refunding compensation.

In the first quarter of this year, the company's real estate sector continued to grow at a high level, and both revenue and net profit doubled.

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