3 General Medicine released the latest announcement said mergers and acquisitions of listed companies of China Securities Regulatory Commission Audit Committee on July 23, 2010 held its 23rd meeting , the three general medicine to the specific issue of shares to buy assets cum targets major asset restructuring ( related party transactions ) The application was conditionally adopted .
3 General Medicine July 21 had been suspended before the close at 14.89 yuan , the stock exchane will resume trading from 27 .
According to the disclosure of the targeted three general medicine distribution program , this non- public offering of shares to buy assetsmatter of the three general medicine directed to the controlling shareholder of the Far East Holdings issued shares to acquire its ownWire & CableService quality assets , including its 100% stake in the Far East cable , composite technology and the new Far East 100% 100% equity stake . The issue price of 7.19 yuan trading / shares, the number of shares to be issued for the 30,743.2684 shares . Thus, the Far East Holding Group's cable business all quality assets into the listed company will achieve the overall market .
Far East Holding Group's cable business is the leading enterprise -scale production and sales more than ten consecutive years among the cable industry first , with annual sales of Chaobai Yi Yuan . Through this transaction , three general medicine followed transfiguration new cable industry leading companies , will become a power cable , electrical equipment, wire and cable, bare wires , carbon fiber composite core wire and other four major categories of soft aluminum wire and cable products and natural Herbal medicine production and sales of two major industry companies . Far East Holdings to wire and cable business assets into the listed company , will optimize and adjust the three main business of general medicine , expand their business scope to the three general medicine bring new profit growth point for the three general medicine to achieve healthy , stable , lay the foundation for rapid growth .
Three general medicine as the controlling shareholder , the Far East Holdings has been committed to long-term development of listed companies . Through this transaction , the listed companies will enter the broad marketSpaceThe wire and cable business, three general medicine assets , operating income and net profit level indicators of the business will be substantial growth , sustainable development will significantly increase capacity , and better reward shareholders and society.
Is located in Yixing , Jiangsu Far East Holding Group was founded 20 years has gone through four conversion , a model of enterprise reform in China : from wearing "red hats "change township collective enterprises , to the Abstract " red hats "to conduct joint-stock , and then cooperate with the state-owned enterprises to wear back to " red hats " engage in mixed ownership , and finally return to the private holding group . Every enterprise restructuring have found the right excitation energy , enhance the competitiveness of the key points, for a company by leaps and bounds . The whole optical fiber Cable business listing , means that the Far East Holdings restructuring the successful implementation of the fifth , the Far East Holding Group will provide a new platform for the development , promotion of new enterprises leapfrog development , accelerate the world-class enterprise.

Study: Zhejiang Changxing Di photonic Equipment Co., Ltd.
Website: www.deliver.com.cn
Main Products: optical fiber Cable