because big pulling in almost each company's shares at the same time

Reporter Zhang xueguang Beijing on November 24 swtor power leveling, the Shanghai composite index opened lower after opening higher, all the way up, and shares (600,759 valuation, assessment, quotes, news, the major trading) shares are advance low away, all the way down, closing share price ended the morning down 8.74%. Cause is cause of sharp fluctuations in stock prices and shares,From the company released the same day said, has been with Beijing days researching era investment management limited (hereinafter referred to as days researching times) of the assets as a letter of intent was signed, plans will not hand over $ 550 million worth of real estate assets and days researching replacement of era gold mines in the hands of an equity stake. Real estate enterprises suddenly turns into yellow gold. But the problem is that company's largest shareholder in GuangxiAnd the industrial group company limited (hereinafter referred to as Guangxi and) has been hand over 99% of equity trust financing, and when the physical assets of the company suddenly happen, a number of actual collateral security to the hands of trust companies, will also benefit from real estate assets into gold assets. "Holding" 0.3% of large shareholders, including Warburg trust, trust, trust in Sichuan provinceCollateral is not in the hands of the Secretary and shares in the hands of real estate assets, but major shareholder stakes in Guangxi and shares are held. According to disclose three quarterly statistics, as a major shareholder in Guangxi are held and a total of 882.3186 million shares of stock and shares, 72.56% per cent of the total share capital. However, just two days on October 18 and 19th, GuangxiAnd once again reducing the stake of 54 million shares, currently held by equity only 828.3126 million shares, share of the total shares also dropped to 67.89%. Statements in the notice in accordance with and shares, shareholders do not rule out continued reduction of company shares may within the next 12 months. But actually, the major shareholder currently left in the hands of the stakeIs running. Because 824.7 million shares of equity has been pledged out actual equity only 3.6126 million shares held by shareholders, was less than 0.3% per cent of the company's total share capital. Journalists at the time of disclosure by the company found that shares most of the pledge of Guangxi was doing at the moment is trust financing, which, in August this year 30 days of Guangxi and the 180 million shares in the hands of pledge to the Warburg trust. According to a press conference prior to Warburg Trust understands that Warburg trust the trust financing of Guangxi was made and no public offering, but for regular customers. In addition to Warburg trust, in Guangxi Province and had just lifted in July this year will also pledge pledge of 100 million shares changed hands to the Sichuan trustAnd by the subsequent launch of the "right to trust-and stock gains in Sichuan assembled funds trust scheme" successful financing of $ 250 million. In addition, Guangxi is and also to the suburb of Haikou rural credit cooperatives Union company limited, lingao County rural credit cooperatives, rural credit cooperatives, Wenchang city chengmai County rural credit cooperatives, such as the 130 million shares sharesThe right to pledge. To this are shares and assets change, will have any effect on stock right pledge loan made prior to major shareholders, Warburg trust and trust in an interview with reporters, the two companies in Sichuan province, would like to respond. Four pieces of property in exchange for two gold mine, in fact, major shareholders is and can continue to acquire trust financing in Guangxi Province, and shares in the hands of a large number of premisesProduced assets are closely related. According to the first half of the year and shares financial data shows that despite being among the main revenue structure and shares, income from trading accounted for 48.24%, in fact, the company really good assets from the real estate business, where companies in real estate sales and rentals on the two business profit earned per cent of the total profit of 92.5%. Main property and assets of the exchange of shares. According to the company's disclosure of the assets as a letter of intent, which is come up with $ 550 million in assets and shares, include company owns 90% shares of real estate Co Ltd Beijing East bottles, Beijing and East 100% stake in Sino Land Company Limited, Beijing and hang Thai investment company, limited 60% Stake, as well as the Valley of liuzhou city, Guangxi Province port Street, part of the commercial real estate. It is worth noting is that and shares out the replacement of all 3 real estate companies in Beijing, while the 3 companies in Beijing's Pinggu district, and has a lot of real estate projects under construction. The era of asset replacement b-day the inquest it was precisely from Beijing. According to the Beijing industry and Commerce Bureau informationInformation shows that the day researching age register was established in January 2002, the registered capital of 10 million Yuan, while in its business scope also does not include real estate development business. Contrast is from the day an inquiry and shares the replacement of assets in the hands of the times, assets are the two gold deposit, chifeng, Inner Mongolia in aohan banner acrylic Mines Limited (hereinafter referred to as acrylic mines) 32.78% of equity and in aohan banner xinhao mining limited (hereinafter referred to as xinhao mining) 100% shares. Two gold mining concession is valid for 5 years and 3 years respectively, where the acrylic mines is also a new mine has yet been mined. According to the company previously disclosed information display, Gram force generation of mining in 2012 is expected to achieve a net after tax profit of 100 million yuan in 2013, realAfter-tax net profit of 130 million Yuan, in 2014, net after tax profit of $ 170 million. And shares in the mine on November 16 announcement already holds acrylic's 34.02% stake, its stake it now holds 66.8% of acrylic mines right, this means that in 2012 the company will receive nearly $ 67 million revenue the old republic power leveling, more than this year, the companyNet profit in the first three quarters. If combined with another xinhao mining, and shares within the next 3 years to get income from both gold mine, would constitute an important source of profits. Only last for 3 months of silence from the growing indifference of real estate turned hot gold mines, and the good news is diametrically opposed to shares and share price performance. November 24th announcement date of the disclosure, shares a smooth trend of anti-a few days ago, after opening all the way down to close share price has plunged 8.74% noon, finally reluctantly turned red in the day, and only rose slightly to 0.12%. Obviously, the market for the company the notice poor response, and is closely related to company share price of elevating appears two times in a row. This year 8Earlier this month and the end of October, the company shares had twice significantly elevating, where shares of elevating once in August, 5 trading days in the stock price has shot up nearly 58%. On August 15, during a wave of stock price changes, and shares were among the announcement made it clear that, "the company does not exist in the next 3 months major acts such as operation, reorganization and acquisition of assets. "ButOnly in just 3 months of the expiry on November 15, the company is a foreign investment acrylic gold bulletin sent to the Shanghai Stock Exchange. In fact, because big pulling in almost each company's shares at the same time, along with the company involved in mining assets into rumours market questioned on this issue has not stopped. Reporters also noted that the major shareholders of the company wideXizheng and 3 times in a row through big deals this year reduction period, company shares in a wave of big elevating market. According to the disclosure of trading information according to the Shanghai Stock Exchange, Guangxi and in reduction of equity for the first time on March 1 this year and the 24th, the reduction of a total of 37 million shares; the second stake was on July 6 and 13th, the reduction of a total7 million shares is to decrease sharply for the third time on October 18 and 19th, the reduction of a total of 54 million shares. Reporters found that almost every major shareholder reducing process, trading desks are active from guotai Junan securities, corporate headquarters, in a March trade large blocks, of which, guotai Junan securities trading desks through big deals to buy the company headquarters in Guangxi and 12 million shares of stock; among the stock price changes and in August, is also from guotai Junan securities trading desks at corporate headquarters, on August 10 and 12th for a second day to huge amount of buying and selling, trading volume was ranked one spy too many on the day of the first place. Part of what the Agency trading desks during the reduction of major shareholders of the company is always interspersed in between, the reporter had attempted to contact on this issue-productionVisit and share, however the company Mr Tung secret telephone is always answered. ����Despite being and shares after the announcement, major shareholders did not rule out future continued to reduce its equity stake, however due to his hands with only 3.6 million shares of stock, if you want to continue to underweight, I am afraid, can only wait until the next equity financing disarmament pledge. Gold-line statement: gold online reprint of the above content,Does not show that confirm the description for investor use only and does not constitute investment advice. Investor actions accordingly, and at your own risk.