Dashang (SHSE: 600694) on May 27 announced the restructuring plan following more than three-month trade suspension to acquire retail business and related assets under Dalian Dashang Group and Dalian Dashang Investment Management at CNY 4.885 billion.
To pay for the assets, the buyer planned to issue a total of 132 million shares at CNY 38 a share.
Through this reorganization, the listed company's gross margin, operating profit margin and net profit margin of 2012 grew to 20.11%, 4.75% and 3.72%, up 0.24, 0.59 and 0.41 percentage points over the figures before the move.
Source:
http://www.sinocast.com/readbeatarticle.do?id=94087
