textile holdings set a higher threshold. Transferee of intent must have strong economic strength

Fujian Nanping paper mill (600,163) equity textile holding officially by controlling shareholders. Textile holdings set a very high threshold for this transfer, requiring total assets of the transferee and 2011 1 operating income reached $ 3 billion and $ 4 billion. However, up for the upset of 5.341 dollars per share, representing a company stock$ 7.29 low over three of new market. Fujian Nanping paper today to disclose textile holding company shares held by listing matters. Notice display, light textile holdings on November 25, received a letter issued by a State-owned assets supervision in Fujian province, the letters agreed with textile transfer of holdings in an open call for agreement in Fujian Nanping paper 215 million shares held by, account for the total share capital of 29.8%. The share transfer price is not less than $ 5.341/unit, that is all the subject of the transfer price is not less than $ 1.148 billion. 　　Fujian Nanping paper mill, textile holdings currently holds 286 million shares, 39.66% per cent of the total share capital, while other shareholders do not exceed 1%, Fujian Nanping paper mill after the transfer is complete the actual controller will change. ForConditions under which the parties, textile holdings set a higher threshold. Transferee of intent must have strong economic strength, its total assets as at October 31, 2011, audited not less than $ 3 billion, 2011 1 operating income of not less than $ 4 billion, the registered capital of not less than 800 million Yuan. In addition, the transferee of intent should have clear business warSlightly. In fact diablo 3 power leveling, this is already the textile holding planned for the second time this year and Fujian Nanping paper introducing strategic investors. As early as April of this year, textile holding has deliberately to Fujian Nanping paper shares held by investors, introduced strategic investors through open market, which in turn form a new company building bamboo wood projects. However, both sides eventually due to some important matters not within the specified timeTerminate the operation of consensus. 　　It is learnt that the textile buyers this holding with a view to introducing the right of transfer of the holding strength, its purpose or through equity funds and other support as soon as possible in Fujian Nanping paper "pulp fiber integration" concept of changing our performance to decline. Fujian Nanping paper mill to notice disclosure, the company the first half of 2011 and the first three quartersNet profit-and-$ 76.6083 million, respectively. Even so, institutional investors still waiting for it. End of the third quarter, the company top shareholders in circulation including a Fund diablo 3 power leveling, three private equity firms and two insurance funds.