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Pulo shares the actual controller commitment three years note medicine chemical property
Pulo Shares Company Limited ( pulo shares last night, 000739 ) releases announcement to say, the company yesterday received the actual control of Hengdian Association of economic enterprises commitment, the latter will put pulo shares as the pharmaceutical and chemical industry integration platform, integration of its pharmaceutical chemical industry assets and business, eventually reduce transactions between affiliated enterprises, implementation manages the purpose of scale expansion.

Specifically, include" analysis of pulo shares the structure of the existing products, the actual controller of the medicine chemical industry, business and other related assets ownership, to adopt a different approach gradually into the pulo shares, promote its downstream industry integration development" and" since June 16, 2011, pulo shares the actual control program in 36 months time, will and pulo shares business is closely related to the upstream and downstream assets and operations into pulo shares".

The asset injection mode and time, will regard the assets and business of the mature degree of the market and the capital market, the regulatory requirements of all the shareholders of the acceptance decision. In addition, the actual controller of pulo shares commitment associated enterprises in the in vitro were having effect on the competition of business.

Morning paper reporter notes, make the promise, or because this year 5 month China Securities Regulatory Commission supervision bureau ( referred to as" Qing Dao Qing Dao Supervision Bureau" ) to the scene after inspection, issued" on the Provincetown company ordered to take corrective measures decision", decided to ask the pulo shares actively improving the business the structure, reduce the related party transactions; to perfect internal control system, to control holes; strengthen education and training.

According to Qing Dao Supervision Bureau Inspection results, pulo shares in affiliated transaction amount and the amplitude is bigger, the company independently affected; the internal control system is weak etc.. Among them, the original check result shows, 2010 pulo shares transactions amounted to 592000000 yuan, relatively on year rise rapidly to approximately 100%; related party transactions accounted for the main business income of 38.9%.

According to the April 1st release of the Provincetown Corporation in 2011 is expected to daily related transactions, pulo shares is expected in the sales of finished goods, raw material procurement, procurement of steam electricity, accept labor amount of related party transactions are respectively 550000000 yuan, 320000000 yuan, 120000000 yuan, 4720 Wan Yuan, involving 4 subsidiary companies, 13 affiliated companies and 1 potential associated companies.

14 affiliated or potential associated company respectively in Zhejiang and Hengdian import and Export Company Limited, Hengdian Zhejiang Yingluohua Group International Trade Company Limited, Zhejiang Hengdian group Thermoelectric Company Limited, Zhejiang Province, Dongyang city Hengdian classical garden construction company, Shandong Changyi chemical industry limited company, group of Hengdian water plant, Dongyang city sewage treatment plant in Hengdian, Hengdian group in Dongyang home Transport Company Limited, Zhejiang Plaut State Pharmaceutical Company Limited, Zhejiang, Provincetown Yasuhiro herbal medicine limited company, Zhejiang the Provincetown Yasuhiro biological pharmaceutical company limited, Zhejiang Hengdian Architectural Engineering Company Limited, Shandong Hanxing medicine science and technology limited company, Shandong home dye Limited company registered capital of 575800000 yuan, accumulative total

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