Hunan Province of China Chemical Industry Development Co., Ltd. days on the transfer of day-run transport facilities Yueyang Limited shares of the notice – Information Centre – Finance
Posted on Jun-04-2008· by china investor
The company and its directors, supervisors and senior managers ensure that notices are true, accurate and complete, and notice of false records, misleading statements or omissions major responsibility.
Companies in the November 18, 2007 at the 10th meeting of the Board of Trustees at its seventh examined and adopted the "sell on the day-run transport facilities Yueyang limited liability company owned motion", to agree to holding subsidiaries Yueyang days Run transport facilities Limited ( Hereinafter referred to as "day-run traffic") 98.25 percent stake in all transferred to the infrastructure of Yueyang City Road and Bridge Corporation (hereinafter referred to as the "bridge"), will now notice the implementation of the resolution are as follows:
First, the transfer of equity outlined
Run-day traffic is a subsidiary company, was established in August 2002, the registered capital of 285 million yuan, the company invested 2,800 million, representing 98.25 percent stake in the company invested 500,000 yuan bridge, or 1.75 percent stake, mainly in roads and bridges and other transport facilities on the manufacture and installation. In order to expand the main focus on industry, the company decided to transfer all the shares held by the company to bridge the two sides on November 27, 2007 signed the "Equity Transfer Agreement," the agreement agreed:
1, the company will hold its Run-traffic days of the 98.25 percent stake in all transferred to the Road and Bridge Company, and since December 1, 2007, will be transferred to its control of the bridge, no longer involved in day-run traffic The financial and operational decision-making, dependent on equity to all the rights and obligations enjoyed by the Road and Bridge Corporation and commitment;
2, agreed to by the public and the southern Shenzhen accounting firm auditing the November 30, 2007 Run-traffic days of the net assets of equity transfer pricing basis;
Shenzhen public and the accounting firm auditing the South, ended November 30, 2007 Run-traffic days of the net assets of: 3,359.54 million, attributable to the interests of the shareholders of the company: 3,300.75 million. After consultation between the two sides finalized the transfer of shares price of RMB 3,400 million, the proceeds of the transactions 992,500 yuan;
3, since the agreement was signed on the date of road and bridge in the May 31, 2008, pay the full transfer.
Second, the share transfer progress
1,2007, the November 27 signing of the "Equity Transfer Agreement";
2,2008, April 29 companies received the first transfer of 30 million shares;
3,2008, May 30 the company received a second transfer of shares of 4 million yuan, thus, the company has received all the stock transfer of 3,400 million;
4, the two sides agreed in the July 30, 2008 for End Run-traffic days of the industrial and commercial registration procedures for change.
It is hereby announced.
Hunan-day development of China Chemical Co., Ltd.
June 3, 2008 China Securities News
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