Sometimes far from the truth and speculation.
Goldman questioned the reduction in market development and corporate MBO Shuanghui intrinsically linked, the Shuanghui development today revealed the company is currently not implemented a management equity incentive, but at least the next three months will not be management equity incentive plan.
Last month, Goldman Sachs held its indirect stake in Shuanghui half sold to flag Hui Ding funds under the market caused widespread concern, some market speculation that Goldman may have more to exit behind the arrangement, one items may be related to the management buyout. The development of today's announcement that Shuanghui, Goldman Sachs investment holdings is its normal behavior, nothing to do with the company's MBO. Previously, Goldman Sachs in their needs has holdings Western Mining, Industrial and Commercial Bank and a number of company shares.
Announcements, Goldman Sachs holdings before the Rotary Vortex Limited, a wholly-owned holding company subsidiary of Shineway more than 300 employees has an indirect holding of shares in the development of Shuanghui, Shuanghui Group chairman million Long, chairman Zhang Junjie breakdown Shuanghui holding the first and second place. According to the announcement, the employees through trust indirectly in the British Virgin Islands company set up a male domain (Heroic Zone Investments Limited), male domain holds Shine C Holding Limited (now renamed the Shuanghui International Holdings Limited, referred to as Shuanghui International) 31.82% of the shares.
According to Shuanghui previously announced, Shuanghui by Glorious Link International Corporation International Rotary Vortex Ltd holds 100% stake, directly and indirectly Alex Roth Shuanghui total 51.5% stake in the development. Shuanghui international actual control of Shine B Holding I Limited, the Shine B constituted by the four shareholders, the sale of the former Goldman Sachs holds a 30% stake in CDH shine holds 50% stake, Dunearn Investment Pte Limited holds 12% equity, Focus ChevalierInvestment Co., Ltd. holds an 8% stake, Shine B by Goldman Sachs and CDH common control.
In addition to doubts about Goldman Sachs holdings with the MBO, the media also speculated that the development of the overall market will Shuanghui surfaced. To this end, Shuanghui development today revealed in consultation with the actual controller of the company has no assets into the overall market, shares of the plan, at least the next three months will not plan assets into the overall market, shares of the matters . Shuanghui Development said that at present, production and management company in stable condition, the estimated annual operating results compared with the previous year will not significantly increase or decline in the first three months net profit up 29%.
This reporter has learned from Goldman Sachs, CDH 2006, the joint development and acquisition of Shuanghui Shuanghui Group employs more than 300 indirect holding system has Shineway made leaps and bounds. In 2009, the Group expects to achieve operating income of 400 billion yuan, 20.28 billion yuan in 2005 to 2 times the average annual compound growth of 18.5%; 2009 estimated taxes paid 1.8 billion, 780 million yuan in 2005 2.3 times the annual are compound growth of 23.3%.