Shangfeng major asset reorganization plan was approved by the China securities regulatory commission

Released time:2011-09-19Pageviews:32994

On the evening of September 16, Shangfeng (000967) issued a notice saying that it had received the approval of the CSRC's "approval of the major assets reorganization plan of Zhejiang wind industrial Co.,Ltd. (Certification authority [2011] no. 1439). Approved the company to pay cash to buy 85% of Liaoning Donggang Electromagnetic Wire Co.,Ltd. The final transaction price of the underlying asset is set at 161 million yuan.

The data show that the company has strong profitability. In 2008, 2009 and January-august 2010, the net profit was 1609.16 million yuan, 312.28 million yuan and 2618.53 million yuan respectively. After the acquisition of Donggang company, the profitability of Gaoke will be greatly enhanced.

As a result of this good news, Shangfeng Gaoke (000967.SZ) started early today with a jump of 8.60 yuan, with a maximum of 9.30 yuan, the highest in the two cities, which is the only non-st trading stock in the two cities, the turnover has been significantly more than the previous trading day.