Double Benefits Push Up The Price Of Fang Textile

hfang

(6.60,0.60,10.00%) in recent days, under the court's ruling that it was awarded 12 million 318 thousand yuan and increased 40 million shares of Huaan securities, the three consecutive trading days were closed down and the trend was strong.

Huafang textile announced the result of the judgment of the court of loan litigation 18 days ago, disclosing the court decision that the defendant Hua Tianxin Zhangjiagang Mstar Technology Ltd (hereinafter referred to as "Hua Tianxin material") returned the company's loan principal amount of 12 million 14 thousand yuan and the interest rate was 304 thousand yuan.

The Huafang textile Limited by Share Ltd is approved by the Jiangsu Provincial People's government, [1998]6, and is jointly sponsored by Huafang Group Co., Ltd. (Hua Yuan Fang Industrial Corporation), Zhangjiagang Tong Qiao welfare woolen mill, Zhangjiagang Qinglong copper factory, Zhangjiagang City Tong Qiao flower factory and Zhangjiagang Everbright computer printing factory. The Limited by Share Ltd was founded in April 3, 1998.

Approved by the China Securities Regulatory Commission in April 28, 2003 (2003) 41, the company publicly issued 90 million shares of RMB common stock in June 12, 2003 and traded on the Shanghai stock exchange in June 27, 2003.

Huafang textile Limited by Share Ltd business scope of needle textiles,

Manufacture, sale of textile raw materials, investment in industry, operation of the export business of self produced products and technology of the enterprise; operation of import and export business of raw and auxiliary materials, instruments, meters, mechanical equipment, spare parts and technologies required by the production and scientific research of the enterprise (except for commodities and Technologies Prohibited and exported by the state); operation of incoming processing and "three to one complement" business; sewage treatment and environmental protection project construction and management.

The dispute between Huafang textile and Hua Tianxin materials has started in 2011.

In August 2nd of that year, because Hua Tianxin material efficiency did not achieve the expected investment effect, the electrolyte technology level and production capacity had no advantage in the same industry. Huafang textile decided to divest Hua Tianxin material and sell the latter 70% stake.

Since then, the net loan amount of Hua Tianxin's material loan to Hua Fang textile has not been returned to the agreement by 12 million 798 thousand yuan.

Huafang textile filed a lawsuit against the Zhangjiagang Municipal People's Court on Alex Hua Tian's failure to make repayment.

In addition to the above loans, the 18 day of Huafang textile also announced that it had received the approval document of the Anhui regulatory authority of the SFC on Approving the change of the registered capital of Huaan securities.

This means that the company's 40 million stake in Huaan securities will become effective.

This part of the equity increase price is 1.78 yuan / share, Huafang textile invested 71 million 200 thousand yuan to get 40 million shares.

After the completion of the increase, Huafang textile shares 60 million shares of Huaan securities, accounting for 2.12% of the company's registered capital.

According to public information, Huaan securities has a net profit of 88 million yuan in 2011.

3 billion 440 million yuan, ranking 57 in the industry.