Yellow River whirlwind out of high price holding Xin Nada diamond

The Yellow River whirlwind announced today that it intends to transfer a total of 51% of Beijing Xinnaida Diamond Co., Ltd. held by Beijing Xinnaida Investment Co., Ltd. and Hong Kong Qianda Development Co., Ltd. for 25.5 million in cash.

It is worth mentioning that the actual purchase price of the 51% equity of the Yellow River whirlwind is much higher than the net assets it has assessed. As of April 30, 2008, the company's total assets were estimated to be 51.221 million yuan, and the net assets were 2,392,640 yuan, while the actual company paid 25.5 million yuan in cash, much higher than 51% of the company's net assets.

However, if the income method is used for evaluation, the company's net assets will be far more than 20 million yuan, but will reach 51.13 million yuan, which is 27.37 million yuan higher than the above-mentioned cost method. The listed company is also based on this evaluation price, paying 51% of the shares in cash of 25.5 million yuan.

In this regard, the company's explanation is that, because Xinnada Diamond is a high-tech enterprise, the company has the most advanced six-sided top press synthetic synthetic diamond core material - powder catalyst synthesis column manufacturing technology, enterprise The value of intangible assets is relatively high. At the same time, enterprises have a good reputation in the industry.

The company said that this foreign investment is beneficial to listed companies in controlling the core technology and improving technology research and development capabilities in diamond production, stabilizing the purchase and sales business of the investors and the company, and improving profitability.
 

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