Plum Bio Restructuring Up and Down Stakes in Ipin Bio is seized

Today (January 28), domestic MSG giant Meihua Bio (600873, closing price of 7.80 yuan) issued a prompt announcement on matters related to the issuance of shares to purchase assets, disclosing that one of the renegotiation transactions of Ningxia Yipin Investment Group Co., Ltd(hereinafter referred to as Ipin Group) held 44.1849% of the shares of Ipin Bio was seized by the courtnkg
Meihua Bio announced that one of the other party of the restructuring transaction, The Ipin Group, sent to the company the Chengdu Intermediate People's Court of Sichuan Province (hereinafter referred to as Chengdu Central Court) "civil ruling." According to the ruling, Sichuan Kaiyuan Group Co., Ltdfiled an application for property preservation with the Chengdu Central Court to take property preservation measures against Yipin Group because of an equity transfer dispute with Yipin Group, Ningxia Fengyou Chemical Co., Ltdand Ningxia Fengxi Industrial Co., Ltdnkg
The Chengdu Chinese Academy of Sciences ruled that the 44.1849% stake in Ningxia Yipin Biotech Co., Ltd(hereinafter referred to as Ipin Bio) held by Thepin Group should be sealed upThe above-mentioned property seizure limit is RMB27.2 million, and the period of seizure is from January 8, 2015 to January 7, 2016, and no form of disposition shall be imposed on the above-mentioned property during the period of the freezeAt the same time, the Chengdu Chinese Academy of Sciences has frozen RMB17.4394 million of deposits held by The Ipin Group in the Ningxia Branch of Agricultural Bank of China, for the period from January 8, 2015 to July 7, 2015nkg
It is worth noting that The Ipping Group and the actual controllerofthe stake of Thepin Group, Qi Xiaoping, tie Xiaorong, jointly undertake that The Ispin Group, by the end of February 10, 2015, by providing guarantees and other necessary means recognized by other courts, will be the court to take property preservation measures in the frozen state of Ipin Group's current holdings of Ipin biological equity to be released, and restored to the full state of rightsIf after the aforementioned date, The Ipin Group's equity in Ipin bio-shares has not been restored to a full state of rights, and thus caused the failure of this reorganization of Meihua Bio, The Ipin Group will be responsible for compensation for all losses caused to Meihua Bio, which is jointly and severally liable by Yi Xiaoping and Tie Xiaorongnkg
"Daily Economic News" reporter noted that Meihua Bio announced on November 15, 2014 restructuring plan, said that the company intends to issue shares and pay cash to buy 100% of Theipin Bio's shares, the transaction amount edited by 3.822 billion yuan, estimated value-added of nearly 2 billion yuan, value-added rate of about 106%, and is intended to not be less than 4.86 yuan / share price of non-public public offering funds not more than 10.41 billion yuannkgtoday (January 28), domestic MSG giant Meihua Bio (600873, closing price of 7.80 yuan) issued a prompt announcement on matters related to the issuance of shares to purchase assets, disclosing that one of the restructuring transactions of Ningxia Yipin Investment Group Co., Ltd(hereinafter referred to as Ipin Group) held 44.1849% of the shares held by the courtnkg
Meihua Bio announced that one of the other party of the restructuring transaction, The Ipin Group, sent to the company the Chengdu Intermediate People's Court of Sichuan Province (hereinafter referred to as Chengdu Central Court) "civil ruling." According to the ruling, Sichuan Kaiyuan Group Co., Ltdfiled an application for property preservation with the Chengdu Central Court to take property preservation measures against Yipin Group because of an equity transfer dispute with Yipin Group, Ningxia Fengyou Chemical Co., Ltdand Ningxia Fengxi Industrial Co., Ltdnkg
The Chengdu Chinese Academy of Sciences ruled that the 44.1849% stake in Ningxia Yipin Biotech Co., Ltd(hereinafter referred to as Ipin Bio) held by Thepin Group should be sealed upThe above-mentioned property seizure limit is RMB27.2 million, and the period of seizure is from January 8, 2015 to January 7, 2016, and no form of disposition shall be imposed on the above-mentioned property during the period of the freeze At the same time, the Chengdu Chinese Academy of Sciences has frozen RMB17.4394 million of deposits held by The Ipin Group in the Ningxia Branch of Agricultural Bank of China, for the period from January 8, 2015 to July 7, 2015 nkg
　　It is worth noting that The Ipping Group and the actual controllerofthe stake of Thepin Group, Qi Xiaoping, tie Xiaorong, jointly undertake that The Ispin Group, by the end of February 10, 2015, by providing guarantees and other necessary means recognized by other courts, will be the court to take property preservation measures in the frozen state of Ipin Group's current holdings of Ipin biological equity to be released, and restored to the full state of rights If after the aforementioned date, The Ipin Group's equity in Ipin bio-shares has not been restored to a full state of rights, and thus caused the failure of this reorganization of Meihua Bio, The Ipin Group will be responsible for compensation for all losses caused to Meihua Bio, which is jointly and severally liable by Yi Xiaoping and Tie Xiaorong nkg
　　"Daily Economic News" reporter noted that Meihua Bio announced on November 15, 2014 restructuring plan, said that the company intends to issue shares and pay cash to buy 100% of Theipin Bio's shares, the transaction amount edited by 3.822 billion yuan, estimated value-added of nearly 2 billion yuan, value-added rate of about 106%, and is intended to not be less than 4.86 yuan / share price of non-public public offering funds not more than 10.41 billion yuan nkg
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