Backdoor listing of shares of listed companies benefited from the previous year's net profit

May 14th, FSL announced that the company's stake in the company's successful implementation of the national hi tech backdoor listing, and the relevant transfer procedures have been completed. But this is not a good news caused the company's share price soared yesterday rose only 0.56%.

FSL announced that in May 14th, the company received the national hi tech fair notice, the National Center of Dongyuan high tech backdoor listing of assets transfer procedures have been completed. Therefore, the former FSL held by the Dongyuan hi tech shares changed to hold shares in Dongyuan electric appliance, the company holds 73 million shares of the company after the change, accounting for the total share capital of 8.4%.

Backdoor listing of shares of the company, which means that a few years ago, FSL equity investment will be several times the value added.

Announcements, FSL in 2010 to 160 million yuan to get the price of the national hi tech stocks of 30 million shares, accounting for more than 14.84%. After the national hi tech backdoor listing, FSL will hold 73 million shares of Dongyuan electric appliances, the transaction price of $497 million. By this calculation, FSL equity has increased by 210.6% compared to 2010.

National hi tech backdoor Dongyuan electric appliance has been successful, but the real lifting of the ban also need to lock a year. (company) has achieved a relatively large book value. FSL securities department, told reporters.

It is worth mentioning that, in 2014, FSL's revenue and net profit of 3 billion 69 million yuan and $267 million, an increase of 21.45% and 5.68%, respectively, the above equity value has exceeded last year's net profit of FSL.

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