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Local News

The Yanghe repurchase seems deliberate, but also a company entered the ranks of listed companies repurchase. The Yanghe Notice that in the evening of October 18, the Board of Directors of the Company to develop long-term mechanism for the 2012-2014 share repurchase program, the planned first phase of the repurchase of the maximum amount of not more than 800 million yuan. Angle from the Yanghe the development and the healthy development of the stock market itself, I believe that the the Yanghe repurchase program debatable. The Yanghe repurchase reason is untenable. The company since its listing in November 2009, for three consecutive years have given investors a good distribution of profits, and the company's current share price calculation of long-term investments in more than 300 yuan / share, Yanghe investors have won the right to re-price Lee is huge, so there is no lack of return on investment. Moreover, the current share price of the company for the second high-priced shares of A shares (the first high-priced shares of Guizhou Maotai), the share price already reflects the value of the company stock investment, not to be underestimated. The Yanghe further reduction in the share capital, to increase the company's share price is not conducive to the medium and small investors to invest it, after all, is too high stock price easy for small investors daunting. The share capital of the scale, the the Yanghe total share capital of 10.8 million shares, is not great, it is not necessary to the share capital of the company into an "pocket edition". And, in recent years Yanghe showed good growth, increase in net profit reached 75.86% and 82.38%, respectively, in 2010 and 2011, the net profit year-on-year increase of nearly 75% in the first half of this year. Like such a fast-growing company, there is no reason to reduce the company's share capital. Mention the Yanghe intend "is committed to being a world-class excellent enterprise", but also need to maintain a certain amount of equity scale. From a variety of angles above analysis, Yanghe share repurchases are inappropriate. The reason for the repurchase, it is tempting to think restricted shares to cash. At a high price, Yanghe has always been the object of the original shareholders cash. Publicly traded data show that in seven trading days from September 3 to 17, the the Yanghe shareholders Nantong variety of investment company holdings through auction trading 207 million shares, cash of about 261 million yuan; Previously, the company's two The chairman cash billions of dollars. November 6 Yanghe an additional 375 million shares of restricted shares lifted, of which 368 million shares held by the controlling shareholder, the Yanghe launch share buyback program seems deliberate, at least highly suspicious is suspected. For this purpose impure "repo, should be halted as well. The leatherback sea Chau (Hubei Investment Officer) (Beijing Times Hubei Investment Officer)

tasklist.exe Related

  1. taskkill.exe
  2. taskmgr.exe

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