Whenever investors, and no one wants to pick up a "golden child", three quarterly net loss of nearly 30 million yuan this year, Harbin High-Tech (5.12,0.22,4.49%) (600,095, closing price of 5.12 yuan) this year, probably because of a pen accidentally "trading" losses. Harbin High-Tech today released two announcements, one is the announcement of the "sale of assets", a "investment" announcement. However, the "Daily Economic News" reporter found that the two announcements are involved in the subject is actually the same company. In other words, the first company's equity, Harbin High-Tech sold its capital increase again, what is going on here?
Notice Harbin High-Tech will Zheshang wealth investment, plus four dry industrial investment, the Century Plaza investment and Jianxiu investment and transfer its holdings Pune grid tie inverter equity transfer price of 30.88 million yuan, respectively, 2024 million, 19.9 million yuan and 18.53 million yuan; corresponds to the number of equity were $ 900,000, $ 590,000, $ 580,000 and $ 540,000. The announcement shows that these four transactions, the total sale of $ 2,610,000 of equity, the total transfer price of 89.55 million yuan.
According to the announcement, the subject of the transaction as of December 31, 2011 book value of 25.0678 million yuan. "Daily Economic News" reporter noted that before the equity transfer, Harbin High-Tech invested $ 5.85 million stake to 31.2% of the Pune solar cell. Calculated in accordance with the above-mentioned transfer price, that for every $ 1 equity transfer price of about 343,000 yuan, before the transfer of the company's float of $ 5,850,000 equity, corresponding to the value of about 200 million yuan, with respect to the carrying amount of value premium of 700%.
Harbin High-Tech, said that if the transaction is completed in 2012, is expected to increase the company's 2012 annual profit of about 64.5 million yuan. It is worth noting, said several companies entered into an equity transfer agreement, have indicated a commitment to give up the right to the capital, then, the "rights of capital" is what?
3 years ago agreement to help low-cost capital increase
Announcement Harbin High-Tech in equity to complete the transfer of $ 2.61 million to four companies, the company will be based on the August 2009 and the flat wing, Wang and HONGKONGOPTONYCO, LIMIT-ED set up joint investment Pune Solar Investment Agreement signed invested eight million U.S. dollars to subscribe for $ 3.75 million equity Pune Solar.
Developments to this, as if a little prospect, this is the original capital of the rights. Prior to each dollar of equity transfer price corresponding to 343,000 yuan, $ 3,750,000 the equity takes about 129 million yuan. The company only spent $ 8 million, or about 50.4 million yuan. No matter how calculated, which is the sum of "super bargain" trading - where each dollar of equity, corresponding to only 134,000 yuan.
Harbin High-Tech, Pune power inverter existing professional and technical team controlling position purpose will not be achieved if the company does not fulfill the capital increase commitment of $ 8,000,000, then maintenance. The first to sell part of the shares, capital increase, that can maintain the same status of the existing controlling shareholder.
The announcement shows that the sale of $ 2.61 million equity stake in Harbin High-Tech fell to 17.28%. $ 3,750,000 equity after the capital increase, the number of shares of the company will be increased to $ 6.99 million, the ownership percentage change is 31.07%.
Capital Increase Agreement of 3 years ago, this is really to help the busy Harbin High-Tech: through stake sale not only gobbled up 64.5 million yuan in one fell swoop losses, Harbin High-Tech was also able to help smooth low-cost capital. Who can deny that Kazakhstan Gaoke hold a "hen of the golden eggs"?