We are manufacturer of heat treated steel pipes include quenched and tempered steel pipe, normalized steel pipe and annealed steel pipe among carbon steel pipe and alloy steel pipe. Our advantages and more services of heat treated steel pipes includes:
1) Wide range of sizes, out diameter from 20mm to 100mm
2) Customized Length from 100mm to 12000mm
3) Good surface roughness: 0.4um to 1.5um
4) Good straightness: 0.5mm/m to 2mm/m
5) Matched further processing: Grinding, polishing, straightening
5) Anti-rusty package
7) Full sets of testing equipment: Surface, Dimenstion. Mechanical properties testing
8) Fast delivery time
4130 Pipe,Steel Tubing,Seamless Pipe,Annealed Tubing SHANDONG LE REN SPECIAL STEEL CO., LTD. , https://www.lerenspecialsteel.com
Foshan Lighting enjoys the feast of Guoxuan Hi-Tech
With the release of Guoxuan Hi-Tech's backdoor Dongyuan electrical plan, Foshan Lighting finally kept the cloud open to see the moon. On the 7th of 2010, Guoxuan Hi-Tech (when Guoxuan Co., Ltd.), Foshan Lighting, which has a shareholding cost of 160 million yuan, will receive 26,285,900 shares of Dongyuan Electric as its third largest shareholder after the completion of the restructuring. If the latest closing price of the future is estimated, Foshan Lighting's stock market value has reached 531 million yuan. Under the expectation of the resumption of Dongyuan Electric, Foshan Lighting's share price has risen 5.08 yesterday, closing at 13.24 yuan / share. Today, Foshan Lighting announced that the company on the 9th to participate in the shareholding company Hefei Guoxuan Gaoke Power Energy Co., Ltd. (referred to as Guoxuan Hi-Tech) written notice, Guoxuan Hi-Tech proposed to borrow the shell of Dongyuan Electric listed on the draft has been reviewed and approved by the Board of Directors of Dongyuan Electric. Foshan Lighting currently holds a 14.84 stake in Guoxuan Hi-Tech. According to the reorganization plan of Dongyuan Electric, Foshan Lighting currently holds 30 million shares of Guoxuan High-Tech, accounting for 14.84 of the latter's total share capital, and is the second largest shareholder of Guoxuan Hi-Tech. In this transaction in which Dongyuan Electric issued shares to purchase assets, the corresponding transaction price of shares held by Foshan Lighting was 497 million yuan; after the completion of the restructuring, Foshan Lighting will receive 72,658,900 shares of Dongyuan Electric, with a shareholding ratio of 8.42, becoming only Secondly after the new controlling shareholder of Dongyuan Electric, Zhuhai Guoxuan and the new real controller Li Wei, the third largest shareholder of the listed company. Foshan Lighting acquired the 20 shares of Guoxuan Hi-Tech (Shi Guoxuan Limited) held by Guoxuan Hi-Tech Marketing Planning Co., Ltd. in July 2010 for 160 million yuan. Since then, Guoxuan Hi-Tech has undergone several capital increase dilutions and equity transfers. Foshan Lighting's shareholding ratio has dropped to the current 14.84, and the shareholding cost has been maintained at 160 million yuan. If calculated by the cost method, Foshan Lighting's transaction consideration of 497 million yuan is net profit of 337 million yuan compared with the shareholding cost; if estimated from the market value, Dongyuan Electric will receive 7.3 yuan/share before the suspension of trading, Foshan Lighting won The total market value of 7268.59 million shares is about 531 million yuan, and the net profit is about 371 million yuan. In fact, Foshan Lighting almost missed the listing feast of Guoxuan Hi-Tech. After being acquired by Foshan Lighting, Guoxuan Hi-Tech's 2010 and 2011 results are still awesome, with a profit of 28.38 million and 48.5 million yuan respectively, a year-on-year increase of 525 and 70.9 respectively, but in 2012, Guoxuan Hi-Tech's first five months of performance appeared. The first loss. In August of that year, Foshan Lighting planned to transfer the 17.21 equity (after the capital increase and dilution) of Guoxuan Gaoke (when the capital increase was diluted) to Xiamen Jingdao Tianneng Power Equity Investment Partnership and Anhui Ou Qing Haitai Investment Partnership. The price is 256 million yuan. At that time, the evaluation was based on December 31, 2011, and the market law was used to evaluate the results. The results of the market law evaluation of Guoxuan Limited's total shareholders' equity on December 31, 2011 and related conditions were 1.238 billion yuan, and the book value was 2.86. 100 million yuan, the value-added rate is 333.17; the estimated value of 17.21% of the shares corresponding to Guoxuan is 213 million yuan. As Foshan Lighting owns other new energy companies such as Foshan Lithium Energy and other issues with Guoxuan Hi-Tech, the above-mentioned equity transfer has attracted the attention of the Shenzhen Stock Exchange, requiring it to explain the six major problems of competition in the same industry and performance against gambling. In addition, the company's board of directors and Guoxuan Hi-Tech have disagreement on the compensation arrangements for which the performance commitments have not been completed. The company's board of directors rejected the equity transfer. The magic is that Guoxuan Hi-Tech's performance in the second half of 2012 has grown by leaps and bounds, winning consecutive orders for 200 pure electric bus power batteries for Ankai buses and 4000 diesel electric car power battery orders for Jianghuai Automobile. Earnings of 319 million yuan, to complete the profit commitment. It seems that the failure of the transfer in 2012 is really a failure for Foshan Lighting.