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

In order to concentrate on the main business of stem cells, ST source will package the textile assets. The company announced today that it will hold Hubei's spring flowers. Spin 64.45% of the company's shares, 51% of the Shanghai Wang Chun Hua Import and export trading company and the company's historical debt of 7 million 961 thousand and 200 yuan for the Chunhua textile company, the package is transferred to Jiangyin Chunhua company, the transfer price is 14 million 800 thousand yuan. The company said that although the transfer 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 transaction price of the transaction 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 transaction has a certain discount, it will bring about a loss of about 9 million 200 thousand yuan in 2010, but it will help to further highlight the company. stem cells The main industry has completely stripped the traditional textile's long run on the company's performance.