Category: Money Tips Date: 2006-01-27
In October 2005, with the Yurun Group Chairman Zhu Yicai speaking, can be called happiness - one at the month's richest people released by Hoogewerf, Zhu Yicai ranked No. 30, wealth, worth 2 billion yuan from last year's rose to 3.5 billion this year; second, October 3, Yurun Group landed in Hong Kong securities market, I wish I, as well as Yurun Group, once again leap.
Yurun landed in Hong Kong As the previous few months, Hong Kong stock market shares trend remains in the doldrums, as early as July on the adoption of the Hong Kong Stock Exchange Listing Committee hearing Yurun Group, chose the October 3 listed on the Hong Kong Stock Exchange main board. This can be described as wise: Yurun Group, Hong Kong retail portion of the over-subscribed 156 times, the international part of the over-subscribed 21 times subscribed, the transaction price of the instructions set price (2.85-3.7 yuan Hong Kong dollar) limit. On that day, the issue of stock from 3.7 Hong Kong dollars rose about 10%.
In seeking international strategic investors, Zhu Yicai approach resembling Mengniu Dairy: some strategic investors to obtain a certain proportion of the put option. According to regulations, if China Yurun 2005 earnings failed to meet the 259.2 million yuan, this part of the strategic investors are major shareholders the right to demand a price premium of 20% of the redemption of shares held.
Zhu Yicai said Yurun net profit this year will be no less than 335 million, compared with last year more than one-fold, dividend rate will be no less than 25% of net profit, far exceeding the requirements of foreign shareholders.
Yurun Group, in accordance with the prospectus in the statement, in the listing before the Yurun Group, affiliated companies have been restructured, in the Hong Kong-listed China Yurun will become the Group's holding company.
However, the relevant person in charge Yurun in an interview with reporters, said that overseas listing of China Yurun is "Yurun Group's food business will be a complete spin-off of the pork business," other assets not included in the listed companies inside.
At present, Yurun Group is one of the nation's largest meat processing company, the company mainly include deep processing of meat products, cold meat and frozen meat, the two operations, in 2004 approximately 169 million full-year profit.
In which all food industry groups in the whole Yurun about 70% of the weight, in addition to 30%, including real estate, tourism, medicine, technology and investment and financing businesses.
According to reports, the Hong Kong market Yurun the current round of financial funds are approximately one billion Hong Kong dollars, "the company of all funds raised will be used to expand the 57% of capacity, including cold meat, frozen meat and meat products deep processing business; 20% will be used to meet working capital; and the rest for the acquisition of land and factories, research and development and expansion, improving sales networks. "
Yurun Group, interview relevant persons, said it expects 2005 sales will exceed 10 billion.
According to China Yurun at the Hong Kong Stock Exchange October 16 closing price of 3.725 yuan, by Willie Holdings holds 53.47% stake in listed companies, the couple's worth of Zhu Shi approximately 2.787 billion Hong Kong dollars.
