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Packaging And Sale Of Textile Assets &Nbsp; ST Will Focus On Stem Cell Main Business.

2010/7/9 16:11:00 42

In order to concentrate on

stem cells

The main business, ST, will package the textile assets held by China.

The company announced today that it will hold 64.45% stake in Hubei Chunhua textile company, 51% stake in Shanghai Chunhua import and export trading company and 7 million 961 thousand and 200 yuan historical debt of the company's hope for Chunhua textile company, which will be packaged and pferred to Jiangyin hope spring flower company, and the pfer price is 14 million 800 thousand yuan.

The company said that although the pfer would bring a certain loss, it could completely get rid of the drag on the performance of the textile business for a long time.

It is understood that Hubei Wang Chun Hua textile company main business.

Cotton yarn

In production and sales, ST accounts for 64.45% of its equity.

The company said that the company is a joint venture between the company and the local bankrupt old textile state owned pine textile mill, which has been operating deficit for four consecutive years since 2006, with a total loss of 21 million yuan.

Audited, the company's shareholders' equity amounted to 25 million 461 thousand and 400 yuan, and the shareholders' equity after the assessment was 18 million 415 thousand and 500 yuan, and the paction price of the paction was 7 million 800 thousand yuan.

In addition, the corresponding value of the 51% stake of the import and export company is 7 million 147 thousand and 600 yuan, and the price is 3 million yuan.

However, the company claims 7 million 961 thousand and 200 yuan for Hubei's spring flowers, and the price is 4 million yuan.

The company said that although the price of the paction had a certain discount, it would bring about a loss of about 9 million 200 thousand yuan for the company in 2010, but it would help to further highlight the main business of the company's stem cells, which completely stripped the tradition.

Spin

Long term drag on the company's performance.

Supplement:

Since last October, Jiangsu Li Tian trial product "lithium iron phosphate electric bicycle power battery (belonging to small power battery)" production line has initially completed the installation and commissioning of the equipment, and has entered the trial production and trial production stage of the product. Recently, the company announced the progress of the project. It has been tested by the Jiangsu Tiantian Laboratory of Huafang textile (600273) holding 70% of the Jiangsu Tiantian test, and the indicators are qualified and exceeded the national standard.

It is understood that the product has been tested and certified by the national quality inspection agency.

At present, the product has been mass-produced.

The company is making full efforts to expand the bicycle battery market. In addition to providing domestic bicycle factories, the company has also stepped up its export trade and entered the European market through various ways such as OEM. It has grasped the market opportunities for European countries to stop using lead-acid power batteries and realized the market sales of small power rate power batteries, which is expected to enhance the company's performance.

And the follow-up development and production of Jiangsu Li Tian high power battery (vehicle power battery) is also in progress. 6-7 months this year, products are expected to enter laboratory inspection and testing.