129836519680156250_443Yili energy advance into East Bo in disguise
Yili energy (600,277) announcement a few days ago, wholly-owned subsidiaries in ejin Horo banner eastpo coal company limited liability company by the Ministry of land and resources to verify the amount of resources increased after 14.56 million tons. As far as I understand, because the company has completed the Dombo coal acquisition, the company will not provide the increased resources to pay the price. Company was forced to advance their own money to complete the EastBo coal purchase "in disguise".
Early acquisitions under the Ministry of land and resources to verify, yili eastpo 76.76 million tons of coal resource reserve of energy
SWTOR Power Leveling, after assessment of the mine used by the Office of land and resources in Inner Mongolia Autonomous Region resource verification data to 62.2 million tons, the company reaped more than tens of millions of tons of reserves. Previously, to address industry and major shareholdersAnd related transactions, yili energy have their own money in advance into intended to increase coal East to raise funds to buy Bo, and the purchase price is still for the 2010 year of assessment, that is, $ 1.659 billion. 2010 yili energy start the private placement, respectively acquired the controlling shareholder intends to raise funds of millions Lee resources Holdings Limited and the sacred use of mining, respectivelyEastpo coal co company cent of shares and 65% shares. As of July 6, 2011, 2010 application for non-public offering of the company is still in the stage of China Securities Regulatory Commission on audit, but East of the proposed private placement to raise funds to buy coal belongs to East of Bo Bo coal mine has been approved to enter the joint commissioning phase. To eliminate as soon as possibleCompetition, avoiding the associated transactions, July 2011, companies to bypass special bank funds to buy, just east of the resource group Bo 51% stake in the coal.
As of September 30, 2011 eastpo coal 51% equity ownership completed transactions. According to a company insider reports, 2011 eastpo mining economic good, which at that time also a 35% stakeHolders of Shenmu daily mining company has failed to complete the private placement and demanded that Bo coal mine East of income dividends, and because of the rising price of coal resources in Erdos, daily Dombo coal mining claims back to assess the value of the assets. In order to guarantee the smooth progress of the private placement, had no choice but to raise funds in advance to buy, just held resource groupEastpo coal remaining equity and sacred trees of 14% daily 35% stake in coal mining East of Bo, and upon completion of the private placement to raise money exchange in advance into self-financing. Coal resources value exceeding 300 million Yuan, according to company sources introduced, originally listed companies want to directly acquire eastpo mining, ore-but because the certificate is not yet complete, are not in conformity with the relevantRequirements had changed from major shareholder-first in to the master, the ore into listed companies after the procedure is complete. According to the company, eastpo mining rights of coal achieved in 2005 and 2008 respectively, and based on historical cost
TERA Gold, fail to reflect the value of most coal mines in recent years. Eastpo mining rights of coal mine cost basis issued in 2007, the mineral resources in Inner MongoliaClaims management procedures (trial implementation) calculation of payment.
Since 2007, coal prices have risen sharply in Inner Mongolia. It is reported that the previously largest shareholder yili eastpo purchased resources in coal mines after the capital increase, its ore purchase cost plus capital increase built into the cost of capital and the assessment of the value of the same. 2011 year of the disclosure of the data displayed, eastpo mine 2011-year net profit of 260 million Yuan, PE multiple of acquisition prices is 6.4 times times. According to the requirements of the SFC, eastpo coal into listed companies also need to land records. According to the Ministry of land and for the record proves that eastpo 76.76 million tons of coal mines to maintain resource reserves, reserves had increased mainly due to the increase in verification 16 drill hole data, improved control
Diablo 3 power leveling,Estimation of coal-bed thickness, size, resource category, has changed. In accordance with the calculation of the acquisition price of $ 1.659 billion, eastpo acquisition price of $ 21.6/tons of tons of coal in coal mines, coal reserves value of approximately $ 320 million of the increase.
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