Sheng Yun repulsed 100 million purchases of 60% stake in Xinjiang Coal Machinery Co., Ltd. at a purchase price of 1.7 yuan per share

In the above transaction, Shengyun will acquire 41% and 19% of the shares held by Huamei Coal Mining Mining Machinery Engineering Co., Ltd. and Xinjiang Xinxin Development Co., Ltd., respectively.

Xinjiang Coal Machinery Company is located in the North District of High-tech Zone, Urumqi, covers an area of ​​200,000 square meters and has a registered capital of 100 million yuan. It is a large-scale mining enterprise that develops and produces coal belt conveyors, rigs, and scraper conveyors. By the end of 2010, the company had total assets of 148.92 million yuan and net assets of 77.75 million yuan. The company's main business income was 46.54 million yuan and its net profit was minus 20.38 million yuan. According to the assessment, the total equity value of the Xinjiang coal-fired company's shareholders was 139,519,200 yuan, and the assessed value-added was 61,786,500 yuan, with an appreciation rate of 79.44%. The company stated that after the acquisition of the Xinjiang Shenhua Coal Machinery Plant, it can combine its specific conditions, learn from the business management model, greatly increase its management level, share the company's overall resources, and reduce operating costs.

According to the existing business of Xinjiang Coal Machinery, the company predicts that it can realize operating income of 63.42 million yuan and 85.07 million yuan respectively in 2011 and 2012, and can reach 176 million yuan in 2015, corresponding to a net profit of 4.21 million yuan, 8.30 million yuan, and 2734 respectively. Ten thousand yuan. According to the investment scale of 102 million yuan and the investment ratio of 60%, the static investment recovery period of the project is about 9.21 years, and the project investment profit rate is 8.56%. Yunsheng shares its main machinery, and its profit in the first three quarters of 2010 was about 47 million yuan.

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