Sing-pong: on-line
It's good to be misread
Reporter yang jing, editor, sun liang
Three months after the suspensionEast sunshine sectionThe restructuring programme was formally launched. The company is going to pay $3. 221 billion for the purchase of the same de facto controller by issuing sharesEast sunshine50. 04 per cent (internal equity). The east sunshine medicine had previously been marketed in hong kong stock, and east sunshine had made “brothers'” available for more profitable pharmaceutical manufacturing。
Today the east sunshine section announces that it will cost rmb 3,221 million, distribute 545 million shares to the ii changdong sunshine industry (hereinafter referred to as “ii changdong sun”) at the price of rmb 5. 91 per share, and purchase approximately 226. 2 million shares of the east sunshine stock (50. 04 per cent of the total share). In this way, the transaction price corresponds to $14. 24 per share of the east sunshine medicine, which is roughly the same as the east sunshine port stock price of hk$ 16 yesterday。
This reorganization of east sunshine's trading rivals and targets are the company's real-employer, zhang china, and mr. And mrs. Guo melan. Among them, the east sunshine drug was on the market by the end of 2015. Behind this reorganization is the consolidation of controls and the consolidation of asset structures, while east sunshine's “premiÈre” is a “good price” for “good material”。
It was described that the main products of eastern sunshine cover areas of treatment such as antivirus, endocrine and metabolic diseases and cardiovascular diseases. The sale of its core product, antiviral drugs, accounted for more than 70 per cent of receipts during the reporting period. Just a week ago, east sunshine had been disclosed, and a significant increase in sales was expected to increase net profits by more than 40 per cent throughout 2016. In 2015, the east sunshine drug generated $694 million in operating income, while the net profit of up to $266 million over the same period was 96. 36 per cent higher than in 2014。
On the other hand, the east sunshine section, which specializes in the deep processing of aluminium, chemical production, electronic materials and meta-ware manufacture, has also published a quick report on its performance today. Against the backdrop of the recovery in industry, sales of its main products, such as electrodes, chemical products, and pyrotechnics, and maori rates have increased. Business income is expected to reach $5. 186 billion in 2016 with a net profit of $113 million, an increase of 10. 68 per cent and 14. 12 per cent respectively over 2015。
In this reorganization, yi changdong sun committed to achieving net profits of not less than 480 million yuan, 575 million yuan and 652 million yuan yuan between 2017 and 2019, respectively. If that commitment is honoured, the restructuring will significantly increase the future performance of the east sunshine section。
Prior to that, net profits from east sunshine had declined significantly as a result of weak domestic and foreign markets, overcapacity in domestic aluminium manufacturing and excessive competition. Despite the phasing out of the industry restructuring cycle in 2016, the east sunshine section indicated that there was limited scope for long-term industrial development in its main operations and that there was an urgent need to tap profit growth points from emerging industries。
Following this reorganization, it was explained that east sunshine will become the holding subsidiary of east sunshine, that yi changdong sunshine will become the shareholder holding 18. 08 per cent of the shares in east sunshine, and that east sunshine shares under the combined control of the real controls will increase from 41. 02 per cent before the deal to 51. 68 per cent after the deal。
In addition, considering that the east sunshine section had previously held 7. 4 per cent shares of ii changdong sun, this reorganization will result in an interactive stockholding situation. To address this issue, the east sunshine section indicated that it would no longer be a shareholder of ii changdong sun within three years of the completion of the reorganization。
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