ST Day Run (002113) announcement that the company intends to open sale of Yueyang Hongrun Fertilizer Co., Ltd. 100% stake in the company to achieve this is conducive to the production enterprises by the operating companies to strategic transformation, positive impact for the company .
It is understood, ST intends to bid farewell to the original single-day run of pure fertilizer production the main industry, the transition to set a new industry, real estate development and property management, business, trade and related industries, modern service industry and other diversified industrial companies. The company in December 2010 with its own funds to purchase major shareholders of Guangzhou Hengrun CRE held in Guangzhou Jin Sheng Industrial Co., Ltd. contract for building interest in the property assets acquired by analysts believe the company began the initial transition strategy.
Fertilizer Co., Ltd., Yueyang Hongrun wholly owned subsidiary of the company, mainly engaged in the fertilizer, chemical products production and sales, 2010, 46.6666 million yuan sales income, loss of 49.3447 million yuan.
The company also intends to dispose of company urea production facilities open. Urea production company since April 2010 has been discontinued, production equipment is idle, the sale is in line with implementation of the People's Government of Yueyang City "retreat into the three" city planning. (Xing Bai Ying)