Changshan Shares Tongda Stock Reorganization 12 Days Meeting

Hu Youwen, an analyst at Anxin securities, recently released his research report, giving Changshan shares the first time to buy -A.

Hu Youwen believes that the company intends to enter the Internet through the acquisition of North Ming software, from a single textile industry, to the advanced manufacturing and high-end information industry in parallel with the two main industries.

North Ming software is the leading IT service provider in China. It has nearly 100 leading domestic intellectual property software products and won the most influential enterprise award in China's software industry in 2014.

North Ming software's small financial business integration solution covers a series of solutions such as government financial comprehensive supervision and service platform, small loan integrated business platform, P2P network credit platform, financing guarantee business management platform and so on.

The company is actively exploring the provision of operational services for small loan companies, P2P and other financial institutions in the form of cloud platforms, and is expected to pform from IT product providers to small loan platform operators.

As an important central city in Beijing Tianjin Hebei region and the third pole of the Beijing Tianjin Hebei economic circle, Shijiazhuang's land continues to appreciate.

The company has 1230 mu of land in the prime section of the main city of Shijiazhuang, which has been collected and will be used for the construction of the central business district in the future.

According to the regulations issued by the Shijiazhuang municipal government, the proceeds from land auction will belong to the listed companies.

It is estimated that the company can recover about 10 billion yuan of cash after land realisation.

Abundant capital will help companies speed up new business expansion and expansion.

Estimate

The earnings per share in 2015-2017 years were 0.16 yuan, 0.21 yuan and 0.27 yuan respectively, and the target price was 25 yuan in 6 months (17.60 yuan yesterday).

(company) Changshan shares Tongda stock reorganization 12 days meeting

Recently, the China Securities Regulatory Commission website revealed on Friday evening that the merger and reorganization Review Committee of the listed company is scheduled to convene the seventeenth meeting of the Commission on mergers and acquisitions in 2015 at 9:00 a.m. on March 12th, to consider Changshan, Shijiazhuang.

Limited by Share Ltd and Henan Tongda cable issued shares of Limited by Share Ltd to purchase assets.

According to the previous announcement,

It is planned to buy shares of North Ming holdings, Wan Feng Jia Ye, Wan Feng Jiahua, Guang Fa Shun De, win win growth, West Asia and Shang 6 institutions and 41 natural persons such as Li Feng holding 100% stake in North Ming software, the paction price is 2 billion 170 million yuan, and the issue price is 4.92 yuan / share, issuing 441 million shares altogether.

The company also plans to raise the matching funds to a specific target such as constant 20 and raise no matching funds of more than 548 million 700 thousand yuan. The fund-raising fund for supporting financing is intended to be used in the construction of the North Ming software cloud center management platform project, the investment in the construction project of the smart city industry solution, the tariff of the paction and the operation capital of the target company, and the repayment of bank loans.

Tongda shares, in the paction, intends to issue 6 million 110 thousand and 900 shares to Chang Zhengqing, Cui self - tender, and 43 million 370 thousand yuan to pay for the purchase of electric 80% stake.

After the reorganization is completed, Tongda shares will directly hold one of the 80% electrical interests of one side.

Tongda shares also intends to issue 3 million 257 thousand and 600 shares to more than 10 specific objects, and raise matching funds no more than 47 million 333 thousand and 300 yuan to pay the cash consideration and related paction costs of the paction.