Gold Prices "Stumbling" Gold Gold Lost Nearly 40 Million Yuan Selling Gold Ore

< p > Golden China Gold announced yesterday evening that it intends to pfer the 100% stake in Fengshan Tiancheng through the way of listing by the North exchange, with a listing price of 180 million yuan.

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< p > the purpose of the equity pfer is to adjust the development strategy and optimize the allocation of resources.

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< p > and it is noteworthy that gold prices have been falling this year, while the gold gold price has been losing heavily in the gold price. From 13.86 yuan / share in April 11th to 9.3 yuan / share yesterday, the market value of the gold company lost more than 13 billion 420 million yuan.

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< p > < strong > losing nearly 40 million yuan, throwing gold ore < /strong > < /p >

< p > announcement that the paction is a listed paction, and the intention pferee must be a business legal person registered in China and whose registered capital is not less than 20 million yuan. It should have good financial standing and ability to pay.

In order to satisfy the subsequent investment needs of the business development of the target enterprise, the intention pferee shall provide a credit certificate issued by a bank not less than 180 million yuan during the listing period.

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< p > Fengshan Tiancheng was founded in April 23, 2003. It was jointly invested by Shandong Tiancheng Mining Co. Ltd. and Guangxi gold company.

In June 28, 2007, gold group acquired all the shares of Fengshan Tiancheng, with a registered capital of 18 million 868 thousand yuan.

In March 20, 2008, gold group will pfer all the shares to CICC.

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< p > it is important to note that due to the government's improvement of environmental protection standards, Fengshan Tiancheng needs to rectify its environmental protection work and is in a phase of production shutdown.

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< p > announcement shows that as of base date April 30, 2013, Fengshan Tiancheng main business revenue was 0, net assets of -2308.64 million, net profit of -1042.15 million yuan, < /p >

< p > in addition, this assessment adopts the asset based approach.

Because Fengshan Tiancheng gold mining enterprise, its future development is greatly influenced by the development of national economy and financial industry. Its future earnings depend on the international and domestic gold price level, and the price level of gold is influenced by many factors such as politics, finance and economic development, which has greater uncertainty and has a great impact on its future earnings.

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< p > China gold also said that the purpose of the equity pfer is to adjust the development strategy, optimize the allocation of resources and increase the concentration of enterprises.

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< p > announcement also said that the pfer of Fengshan's 100% stake in Tiancheng will be done at a price of 180 million yuan, and at the same time, the company's debts should be deducted 149 million yuan. The long-term equity investment of the book will be 70 million yuan, and the profit and loss of the paction will be -3804.58 million yuan.

After the pfer of shares, Fengshan Tiancheng will no longer be included in the scope of the company's consolidated statements. The company does not guarantee the Fengshan Tiancheng and entrust Fengshan with Tiancheng financial management.

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< p > < strong > loss of market value exceeds 13 billion 400 million yuan < /strong > < /p >

< p > it is worth noting that this year, the price of gold has fallen.

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< p > international gold prices continued to plummet. As of June 26th, New York gold futures reported 1226 U.S. dollars / ounce, down 3.83%.

Once in the session, it hit a low of 1223.20 US dollars / ounce, which also hit a new low since August 2010.

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< p > in addition, the market continues to see empty gold market.

Recently, a number of well-known investment banks, including Goldman Sachs, Credit Suisse, Deutsche Bank, HSBC, Morgan Stanley, UBS, France and Paris bank, have released reports on bearish gold market.

Among them, Goldman Sachs estimated the gold price in 2013 and 2014 respectively to 1300 US dollars / ounce and 1050 US dollars / ounce.

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< p > the price of gold is "down and down". Gold in China can be hit hard.

From the point of view of stock prices, CICC gold fell from 13.86 yuan / share in April 11th to 9.3 yuan / share yesterday's closing, and the market value of the company lost more than 13 billion 420 million yuan.

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< p > according to earlier reports, CICC gold is committed to becoming "China's gold first stock", and in 2009, it formulated a strategy of quadrupling four years, which has been expanding wildly in recent years.

However, CICC did not expect gold prices to drop sharply on the road of crazy expansion.

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< p > by the end of 2012, the stock of CICC gold was as high as 3 billion 678 million yuan.

A gold industry analyst told reporters that in the current situation, huge inventory is becoming a hidden killer of the gold company, and its performance in 2013 will be affected.

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