Tuesday, December 13, 2011

High-tech development has been investors ' vote with their feet and nbsp; shares 3rd tired down 33

A restructuring plan upon disclosure of listed companies, the stock majority will usher in a round of rally. However, upon this experience in the high-tech development, precisely the opposite.  The night of December 13, since December 9, today, on December 12, three consecutive trading days closing price deviation decrease in value more than 20%, high-tech development has to publish price changes notices. from December 9 shares resume trading until December 13 in just 3 business days, stock has tumbled from the 9th highest RMB 12.85 per unit to $ 8.51 close 13th/unit, the cumulative decline in ultra- Development from August 3 to start planning restructuring. on September 16, 2011, the company has finally thrown the restructuring programme, intended to be high investment group company sold all its assets and liabilities, while at $ 9.83/share prices to invest in hongfeng, CCB technology and new source-tech non-public offering
94.7101 million shares, purchase these three parties together hold hongfeng potash 90% equity. after completion of the transaction, hongfeng investment stake to 25.29% will become the controlling shareholder of the company, company's main business will be changed to potash and ancillary products development of real estate development and sales.  However, in restructuring corporate stock resumed the next day, media has openly questioned its reorganization of potash brines of raw materials in short supply, may cause the project to production, while restructuring by nonrecurring to keep borrowing assets net profit reaching way, whether through reorganization Committee approval of the SFC, is also a big question., also led to development of high-tech business again. And after nearly 3 months of waiting, high-tech development with one paper clarifies announcement on resumption. this clarification announcement, the company media questioned mainly explains the accounting treatment of Government grants and compensation issues, there are a few conventional risk. but for the outside world

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