Tianshan Textile Enterprise &Nbsp; 5 Continuous Hibernation After November

In recent days, Tianshan textile has attracted the attention of the market. Today, the opening of the market is again "one" seal, which is the fifth trading limit after resumption.

After suspension for 11 months, Tianshan textile finally disclosed the restructuring plan.

If the restructuring plan is implemented, Tianshan textile will hold 75% of the west mining industry, and the main business will be added to the development of non-ferrous metals.

According to the draft paction announced by Tianshan textile company, the company intends to issue about 81 million 980 thousand shares and 40 million 990 thousand shares to Katie mining and Qinghai snow Chi respectively, and purchase 50% and 25% of the two companies held by Xi Tuo mining respectively.

The total value of the company's 100% stake is estimated at about 928 million yuan, and the net book value of the 75% equity is 159 million yuan, the paction consideration is about 696 million yuan, and the appreciation rate is 338%.

According to the asset reorganization plan, the price of the private placement is determined to be 5.66 yuan / share according to the average paction price before the suspension, corresponding to a total of 122 million 966 thousand and 391 shares issued.

The injection into the listed company is a prospecting right and a mining right.

According to the current prospecting rights, the company has an exploration area of 73.41 square kilometers, and some areas of the prospecting rights area have handled mining rights.

According to the new mining warrants obtained by the company in January 25th this year, the production scale is 500 thousand tons / year, and the mining area is 2.021 square kilometers, which is valid until next January 25th.

At present, the west mining industry is in the stage of mine construction, and it is expected to complete construction in 2012.

According to the forecast, the output of the mine in 2013 is 500 thousand tons, the sales revenue is 234 million yuan, and the total profit is about 125 million yuan.

As the company wants to reach production in 2013, Katie mining promises to ensure that Tianshan textile does not lose money in 2010, and the corresponding net profit in 2011 and 2012 is no less than 10 million yuan and 20 million yuan respectively.

According to the profit compensation agreement, the 75% stake of Xi Tuo mining corresponds to the profit attributable to the listed companies from 2012 to 2014, which is 53 million 258 thousand yuan, 70 million 118 thousand yuan, and 70 million 118 thousand yuan respectively.