Linhai shares restructuring suspected major shareholder shuaibaofu valuation that the industry shock hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to tutor you say stocks contest off 60 million Linhai shares restructuring suspected major shareholder shuaibaofu Wang Yingchun was the general meeting of shareholders rejected the Linhai company (600099.SH) acquisition and reorganization mentioned on the table. In September 5th, Lin shares issued a series of announcements, said the price will be 459 million yuan acquisition of Jiangsu Linhai Power Machinery Company Limited (hereinafter referred to as the "Linhai group") 100% stake. Linhai group is Chinese Foma Machinery Group Co. Ltd. (hereinafter referred to as the "farmax group") a wholly owned subsidiary of Foma group is also the controlling shareholder of Linhai company. As early as last April, Linhai shares started the acquisition, but the restructuring plan change again, buy package repeatedly reduced, chairman Liu Qun, deputy general manager Yuan Ruiming also due to the restructuring of the letter Phi violation was criticized. During the dramatic story, accountants do not agree appraisers opinions, China Merchants Securities as an independent financial advisor to the different things to take a type of hide, until the exchange was found and implemented regulatory attention. However, Lin shares the restructuring of the industry valuations more shocked. It is understood from earnings valuation, Linhai group is the old state-owned enterprise with a history of 60 years, until the end of last year the implementation of corporate restructuring, the product line is quite wide, motorcycles, electric vehicles, batteries, agricultural machinery, wood products, office supplies, fuel, photovoltaic equipment, and even rental housing, of course, special vehicle and motorcycle it is the main business. The seemingly extensive business, but read the report found, Linhai group is crying does not earn money. The real money but is it associates with Japanese companies, Linhai YAMAHA. In 2015, Linhai group to 666 million yuan total assets of only 3 million 640 thousand yuan net profit, if removed its joint venture and joint venture 14 million 715 thousand and 400 yuan of profit contribution, Linhai group profit will face the moment. In 2014, the above problem is equally obvious, there seems to be a surplus of 5 million 670 thousand yuan of operating profit, in fact, the joint venture and joint venture contributed $9 million 207 thousand and 500. Without the latter face, Linhai group can only show people with a loss. In addition, Linhai group also received an additional annual income, mainly from government subsidies. 2014 received 9 million 57 thousand and 500 yuan, in 2015 was $7 million 935 thousand and 300. Although the annual earnings of Linhai group quite poor, operating cash flow is negative for two consecutive years, but its management costs and the cost of sales was increased significantly. For such an asset, Linhai company gives the estimated 459 million yuan of price. The reason to give such a result, Lin shares explained in the plan said that the results of this assessment method based on the asset base, as of June 30, 2016, Linhai group net assets of 430 million yuan, the estimated value of 459 million yuan, the price has become the subject of the transaction value. theory相关的主题文章: