China News Service, Beijing, December 10 (Reporter Liu Yuying) Legend Holdings responded to the turmoil of doubts over the past few days on the 10th.
Legend Holdings stated that, after confirming to the Chinese Academy of Sciences Holdings Co., Ltd., that the transfer of Legend Holdings shares in 2009 did not result in the loss of state-owned assets. None of the previous central inspections and the audit of the China National Audit Office raised any objections.
According to public information, in 2009 the Chinese Academy of Sciences listed on the Beijing Equity Exchange to transfer 29% of Legend Holdings.
On September 4, 2009, China Oceanwide Holdings Group Co., Ltd. acquired these shares for 2.755 billion yuan (RMB, the same below) and became the third largest shareholder of Legend Holdings.
Legend Holdings stated that the Chinese Academy of Sciences Holdings Co., Ltd. confirmed that in August 2004, in accordance with the requirements of the Party Central Committee on “vigorously develop a mixed ownership economy involving state-owned capital, collective capital, and non-public capital, and realize the diversification of investment entities”, it has accelerated With the large-scale development of high-tech industries, the Chinese Academy of Sciences has made a decision to accelerate the socialization reform of the equity of companies invested by the institute.
In 2009, in accordance with the relevant regulations on the transaction of state-owned assets of enterprises, the Chinese Academy of Sciences Holdings Co., Ltd. transferred 29% of the shares of Legend Holdings through the public listing of the Beijing Equity Exchange.
In this transfer, audit, asset evaluation and filing were carried out in strict accordance with the relevant requirements of state-owned asset property rights transactions.
According to professional organizations, the book value of Legend Holdings' equity attributable to the parent company is 7.72 billion yuan, and the appraised value is 9.26 billion yuan.
In this transaction, Legend Holdings is attributable to the parent company’s owner's equity premium to 9.5 billion yuan, and the corresponding 29% equity transaction price is 2.755 billion yuan.
Legend Holdings stated that it has been confirmed by the Chinese Academy of Sciences Holdings Co., Ltd. that this equity transfer has achieved the preservation and appreciation of state-owned assets. None of the previous central inspections and the audit of the China National Audit Office raised any objections.
(Finish)