网民彩票

NORD shares Zhengzhou Cable to focus on development of main business
2016-04-01

Web link: http://stock.hexun.com/2016-03-07/182620099.html

Securities Times Network (www.stcn.com) March 07 News Norder (600110) announced on the evening of March 7 that the company and Shenzhen Zhongfeng Global Electronics Co., Ltd. signed an agreement on the sale of assets on March 4, 2016 Equity transfer agreement. According to the agreement, the company sold 75% of Zhengzhou Cable Co., Ltd. (“Zhengzhou Cable”) to Shenzhen Zhongfeng Global Electronics Co., Ltd. for 52.2 million yuan.

        According to the announcement, Zhengzhou Cable Co., Ltd. was established on September 5, 2007, with Nord shares holding 75%, Zhengzhou Investment Holding Co., Ltd. holding 24.7%, Zhengzhou Cable Group Co., Ltd. holding 0.3%, and registered capital of 300 million The paid-in capital is 300 million yuan. Zhengzhou Cable's business scope mainly includes the manufacture and sale of wire and cables and accessories, wire and cable raw materials, electrical equipment and spare parts, wire and cable process equipment, wire and cable engineering technical consulting, and the import and export of goods and technologies.

        Nuode shares said that in recent years due to the market and other reasons, Zhengzhou Cable has suffered huge losses in successive years, has a heavy historical burden, and increased management costs year by year, which has greatly affected the company's profit realization. Zhengzhou Cable is currently in a state of production stoppage and cannot meet the needs of the company's development strategy.

        As of September 30, 2015, Zhengzhou Cable had total assets of 672 million yuan and total liabilities of 512 million yuan. From January to September 2015, Zhengzhou Cable realized operating income of 245 million yuan and net profit of -311.2073 million yuan.

        As of the date of signing the agreement, Zhengzhou Cable's external debt was about 317 million yuan, of which the arrears to Norder shares were about 278 million yuan. According to the agreement, the transferee Shenzhen Zhongfeng Global Electronics Co., Ltd. had to repay 200 million yuan to the company on behalf of Zhengzhou Cable on May 30, 2016, and the balance was to be paid off before June 30. The transferee's 75% equity interest in Zhengzhou Cable actually paid about 369.2 million yuan.

        Noord shares said that the reason for selling the assets is to further focus on the development of the main business, to divest non-main business assets and long-term loss business segments, adjust the company's equity investment structure and asset-liability structure, clarify the company's operating management system and reduce management costs . Through the divestiture of equity to digest the company's original debt burden, reduce the historical burden and promote the long-term development of listed companies.

        At the same time, the value of this sale is higher than the company's book value as of the end of February 2016, so the transaction is expected to generate investment income of about 10-20 million yuan for listed companies in 2016. This sale can get part of the cash flow to improve the company's assets and liabilities structure, which is conducive to the company's further focus on the development of the main business.

(Securities Times Network Express Center)