Category: Money tips Release Date: 2006-10-01
Major shareholder of the company recently received a notice from China Huayuan Group Co., Ltd. (hereinafter referred to as "Huayuan Group"), shareholders of changes is as follows: change the Huayuan Huayuan Group shareholders Asset Management Co., Ltd. (hereinafter referred to as "Huayuan Assets "), Huayuan Huayuan Group holds 100% equity stake. This change of equity issues on January 15, 2007 to obtain business financing approved by the Ministry of Commerce of the PRC.
Kim Ha-Huayuan other shareholders acquired the entire stake held by Huayuan Group, and immediately after the completion of any such shares, as well as Kim Ha-self-possession Huayuan Group Total 100% stake in all of the assets transferred to the Huayuan; of these, for the SASAC held by the Huayuan Group 9.136% of the shares will first be transferred without compensation by the SASAC for China Resources, and then the other by the China Resources share transfer payments summer. The completion of the acquisition, Huayuan Huayuan Group holds 100% equity stake.
The completion of the acquisition, China Resources assets to be adopted by Huayuan Huayuan Group, medicine, textile, and other businesses to integrate plate to completely solve the Huayuan Group, the debt crisis, the central enterprises to speed up the layout and structural adjustment, stronger and excellent Huayuan Group's pharmaceutical and textile industries, and improve Huayuan Group's overall profitability.
China Resources to speed up the process of integration of Huayuan Group, the market can infer from CRC will speed up the Huayuan Group, the assets within the scope of the integration of Chinese medicine. Resources to Shanghai Pharmaceutical market as a platform for the integration of its pharmaceutical assets, full of expectations. Therefore, the recent Shanghai Pharmaceutical's shares.
However, we believe that integration of Huayuan CRC's vision of the pharmaceutical assets of an expected slow growth and realistic results are expected in 2006 earnings per share was 0.18 yuan, we forecast 2007 net profit growth of 15%, earnings per share 0.22 yuan, the company in 2007 the dynamics of PE of 50 times, give the stock a neutral rating on the investment.