Category: Money tips Release Date: 2006-08-09
Source: new ideas for investment Authors: Cai Shu
Company has successively with the name of the East electricians, Dingtian Science and Technology, * ST RoyalTek, ST cotton high-tech, Mianyang High-tech, so much tell the name of changing the company's very sad that the past history. In 2003, in the face of danger of being delisted crisis, Deyang, Mianyang High-tech took over the original "Dingtian technology" companies and wield the sword over the company's reorganization, successfully achieved objective of security shell. However, due to historical issues, the company is still heavily danger. According to the three high-tech S Mian quarterly, as of September 31, 2006, S Mian high loss of 25.345 million yuan, FANG Ding days RoyalTek Group and associated software for S cotton accounts for high-tech models of non-operating balances still amount to 91.2393 million yuan, S cotton has also been classified as high-tech focus on Sichuan Province Securities Regulatory Bureau debt settlement companies. At present, the company has a 45.63 million yuan provision for bad debts. However, S cotton high-tech said that as the RoyalTek RoyalTek Software Group and have now ceased operation, the recovery of the occupier of funds is very difficult, if the end of this year, the amount of funds used is still unresolved, is likely due to increased provision for bad debts The increase in corporate losses.
October 18 of this year, S the controlling shareholder of cotton high-tech Hi-tech Zone, Mianyang, Sichuan Investment Holding (Group) Co., Ltd. and Sichuan Development Co., John Hancock entered into Equity Transfer Agreement of Intent to 1.65 per share price of dollars transferred to the John Hancock held in Sichuan 2200 million high-tech state-owned legal person shares S cotton. John Hancock was in Sichuan commitment to the completion of this acquisition, it will actively promote the S cotton hi-equity division reform, as soon as possible move the split share structure reform, and, where appropriate the assets of S re-high cotton.
It is understood that John Hancock is one of Sichuan investment company with two holding subsidiaries, Chengdu Pharmaceutical Co., he was excellent company and Gansu Yangba Copper limited liability company. John Hancock 95% stake in Sichuan where the priorities that he is mainly engaged in pharmaceutical tablets, granules, capsules manufacturing and sales, the company is currently still in the construction period, there is no production and business activities; 94% stake in Sichuan, Gansu John Hancock Yang Dam copper Camp owners copper ore, copper concentrate mining, sales, and metal materials, metal products, machinery and electronics, ore mining parts manufacturing, sales, an annual output of copper ore size of about 10 million tons. Copper ore prices by the impact of the profitability of Yangba Copper rapid growth occurred in 2006, this year from January to September net profit of 40.1303 million yuan. John Hancock is currently the source of profits in Sichuan, Gansu Yangba mainly copper and holding subsidiaries Gansu Duyiwei Pharmaceutical return on investment. Industry analysis, because the priority he has not the pharmaceutical production, from the current asset situation, the future John Hancock into the S Sichuan fine cotton high-tech assets will most probably Gansu Yangba Copper, S Mian high is expected from the current main infrastructure investment in construction and real estate development and investment in one fell swoop Bianshen a resource enterprises. In this expectation, the Unit has been successful in the 120-day moving average at Qi Wen rebound, and even received three Yang Xian, yesterday once more the impact of limit-board, expects the stock market outlook is still upside potential could be actively involved.
